$ETH 📊 April 22 ETH Latest Strategy & Analysis

ETH🌐:
Price started a strong rally from the low of 2280.82, currently the 15-minute chart price has broken above the upper band of the Bollinger Bands, reaching a high of around 2379.19, showing a short-term bullish trend. The Bollinger Bands are widening continuously, with the price strongly moving along the upper band, supported by the middle band at 2331.99 and the MA7 line at 2354.56 forming a step-like support; MACD indicators DIF=13.77, DEA=8.56, MACD=10.43, with the red bars expanding and staying above the zero line, indicating strong bullish momentum. Trading volume is also increasing, with buying pressure dominating the market.
📈 Bullish Logic:
The support zone at 2350-2360 is a strong intraday support area. Price retracements to this zone are supported by both the middle Bollinger Band and the previous breakout platform, making a reversal to a bearish trend unlikely. If the price stabilizes above 2370, it is likely to continue upward, with the first target at 2400. After breaking this level, it could reach the 2430-2450 range, and in extreme cases, test the previous high resistance at 2480.
⚠️ Risk Warning:
If the price fails to hold above the MA7 line at 2354.56 and MACD shows bearish divergence with decreasing volume, the bullish trend may quickly reverse. Be alert for a pullback to the 2330-2310 range, and strictly set stop-losses to avoid trend reversal risks.
🎯 Main Strategy: Slightly Bullish
• Entry Range: 2355-2360
• First Target: 2385
• Second Target: 2400
• Stop-Loss: 2340