Detailed analysis of Ethereum trends and suggestions for sound trading strategies (April 16th):

Yesterday, long positions in Ethereum were closed with profits again, resulting in a good return. The 24-hour chart shows that after a large bullish candle with high volume at 00:00 on April 16th (closing at 2373.7), the price failed to continue its upward trend, followed by several consecutive bearish candles, forming a short-term pullback. The most recent 4-hour candle (April 16th, 20:00) is a small bullish candle, but with extremely low volume, indicating that both bulls and bears are currently weak, and the market is in a wait-and-see or consolidation phase. Technical indicators: MACD: On the 4-hour chart, the DIF line has crossed below the DEA line, forming a death cross, and the MACD histogram is negative and expanding, indicating weakening short-term momentum and the start of a pullback phase. RSI: The 4-hour RSI has fallen from a high of 65.7 to 57.1, in the neutral zone, but the downward trend indicates weakening buying power and further downside potential. EMA: On the 4-hour chart, the price has broken below the EMA7 (2341.4), which is currently acting as short-term resistance. Although the EMA7 remains above the EMA30 and EMA120, maintaining a long-term bullish alignment, a short-term pullback trend is evident. Ethereum Trading Recommendation: Short Position Strategy: Short positions are recommended at 2340-2350, with a target price of 2320-2280. Profit targets should be managed independently, with a stop-loss at 2400. This strategy is time-sensitive; implementation will primarily rely on free guidance.