$ETH Evening thoughts:

The second coin is also moving sideways within the flag pattern, but within the flag pattern’s white box, a bearish engulfing pattern has appeared, and it is forming at a high level—this indicates the second coin needs to pull back. To amplify the second coin’s bearish engulfing pattern, it must break below the flag pattern; only after it breaks below the support at 2233 can the bearish engulfing pattern be amplified, which will then lead to a pullback move. As long as the second coin breaks below 2233 again, it must retest the upper boundary of the box at 2175. If the upper boundary of the box holds, there is still a chance for the second coin to keep moving sideways along the upper boundary of the box and also push upward. Once it drops back to trade inside the box and runs below the box’s midline at 2090, it will need to go through a deeper pullback. The maximum pullback can only be accepted if the second coin retraces around the box’s midline at 2090; it is absolutely not allowed to break below the box’s midline. If it breaks below the box’s midline, this upward trend will be gone.
Looking at the volume under the position indicated by the white arrow, the volume corresponding to the first candlestick is normal—this is a normal price action behavior. For the second candlestick, the volume is extremely large, but the price body did not exceed that of the first candlestick. This is an abnormal volume-price relationship in the volume-price relationship: there is high volume with no corresponding “price” follow-through. The second coin has been moving sideways at high levels for a long time without creating a higher high. It can be understood that during the day, liquidity is not good enough to create a higher high. Once the U.S. stock market opens and liquidity improves, if it still cannot create a higher high, the second coin will definitely go through a pullback at the hourly level.
The second coin breaks through 2251 with volume—aggressive buyers chasing longs on the right side may enter; a volume-supported drop and break below 2230 on the right side indicates chasing shorts—pay attention to how the volume changes.
Set your stop-losses properly.
The second coin is expected to hold above 2251 on the hourly time frame, and then look toward 2300-2338 to the upside.
On the 4-hour time frame, if it breaks below 2199, it will look downward toward 2150-2108.
On the daily time frame, the 2139 that everyone has been thinking about has finally been broken. From the perspective of the daily time frame, you can now look upward to expect the upper boundary of the box at 2357. As long as the second coin is holding and running above 2139, the daily level’s bullish side will return to a strong zone. To drive a daily-level upward move, it needs to break through 2357 to completely open up the daily-level upside space. On the daily time frame, the MACD fast line has already crossed above the zero axis; the slow line is still a bit short—once both the fast and slow lines are all above the zero axis, the market will be controlled by the bulls. Then it will mainly be “buy on pullbacks,” with short-selling only as a supplementary option. Meeting adjourned.
$ETH ‌#Gate广场四月发帖挑战