Ethereum long positions entered in the 2380-2390 range last night, with a target above 2420, have again been closed with profit! Current trend analysis on the 4-hour chart shows the price breaking through the upper Bollinger Band, with a MACD golden cross and expanding red bars, indicating a clear overall bullish trend and short-term strength. However, the KDJ indicator has entered overbought territory, and there is significant selling pressure above, so blindly chasing the price higher is not recommended. The 2414-2463 range represents previous high resistance, and with the added pressure of large sell orders, there is a risk of a pullback. If the price cannot sustain its position near the upper Bollinger Band, it may retrace to the upper band around 2381, or even test the middle band support around 2320. Strategies are time-sensitive; implementation will primarily rely on free guidance!
Ethereum long positions closed with profit-taking and subsequent market trend analysis!
2026-04-23 00:49:47
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