4.21 ETH Market Quick Overview

1. Market Review from Last Night to This Morning

Last night, the US stock market was volatile and slightly weak, leading the crypto market to move in tandem. ETH surged to 2345 then pulled back, with a low of 2297; this morning, it quickly rebounded after opening, returning above 2319. Overall, it shows a "rise sharply, then fall back → bottom out and recover" V-shaped correction. The current price has regained the moving averages, RSI has turned upward, and short-term bullish momentum is warming.

2. Today's Trend Forecast

The most probable trend today is a slight upward fluctuation: the bottoming and recovery have repaired the short-term bearish momentum, moving averages have shifted from resistance to support, and trading volume has mildly increased. It is likely to continue rebounding, but with resistance at 2330-2345 due to previous highs. It’s unlikely to see a large one-way rally in the short term, leaning more towards a "oscillating upward" rhythm.

3. Practical Entry Points & Position Management

Direction → Core low-buy → Entry zone 2310-2315 (testing support at moving averages) → Stop loss below 2297 (exit if broken intraday low) → Take profit targets: first at 2330-2335, second at 2340-2345 → Position size: no more than 5% of total funds per trade, split into 2 batches.

Direction → Auxiliary high-sell (aggressive) → Entry zone 2335-2340 (upon encountering resistance and falling back) → Stop loss above 2345 (abandon short if broken above high) → Take profit at 2315-2320 → Position size: only up to 2%, light position for trial.

4. Position Management Discipline

1. Prioritize low-buying, avoid chasing highs, re-enter after pullback and stabilization to prevent being caught in a rally.

2. After reaching the first take profit level, halve the position to lock in gains, and trail the remaining position with a moving stop-loss.

3. If volume breaks through 2345, add a small long position; if it falls below 2297, exit immediately and observe.