4.10 Ethereum Analysis

At the 1-hour level, the price rebounds to around the middle Bollinger Band, meets resistance and falls back; short-term bullish momentum has become exhausted, closing with a bearish candle and showing weakness, while the upper band forms strong overhead pressure. After the price breaks below the short-term moving averages, the rebound lacks strength; the moving averages are arranged bearishly, suppressing upward movement. After the Bollinger Bands contract, they turn downward; the lower-band support is weak, with no clear stabilization signal. Trading volume continues to contract; market capital is low in willingness to go long, and the rebound has no sustainability. Overall, the short-term trend is weak; with frequent recent news, pay close attention. If there’s a price spike into a dip (needle-like sharp move), go short immediately.

Trading suggestion: rebound to 2220-2250🈳, target 2050-2000.$GT $BTC