$ETH 4.14 Tuesday early morning Ethereum latest ideas and analysis



From the current market picture, we can see that at the 15-minute level, a clear V-shaped reversal + uptrend structure has formed. The price started from 2175 and surged quickly, topping out at 2236. After that, it entered a consolidation phase with a push higher followed by a pullback, and it is currently moving sideways in the 2220-2230 range. During the pullback, there was no high-volume breakdown with a long bearish candle; this is a typical profit-digestion type of correction. The core structure of the uptrend has not been broken, and bulls still lead the short-term market. If, during the subsequent pullback to the support level, the trading volume continues to shrink, it will further strengthen the effectiveness of the support; if it breaks below the key support on increased volume, then you need to be alert to a possible trend reversal.

Early morning trading ideas
For Ethereum, pull back and stabilize at 2210. If the trading volume expands again, then after so many days it will restart the upside trend, with the target at 2260.
If it breaks down below 2212 on increased volume, it will trigger a new round of deeper downside probing.
Target at 2175.
ETH2,63%
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