$ETH 📊 Latest Strategy & Analysis as of April 14

$ETH 🌐:
Short-term rally started from a low of 2174.48, after multiple upward pushes, the current 15-minute price is oscillating near a high of 2370.78. The Bollinger Bands are expanding continuously, with the price staying close to the middle band at 2360.23. The lower band at 2320.95 provides strong support, and the upper band at 2399.52 forms a short-term upward channel;
The MACD indicator, after a previous golden cross, has slightly retreated, but the overall bullish structure remains intact. Although the red bars have decreased in size, there is still rebound momentum. Trading volume has been increasing during the rally phase, indicating a strong upward trend dominated by bulls, with buying strength continuing to prevail📈.
📈 Bullish Logic:
The support zone between 2340-2360 is strong intraday support. When the price retraces to this area, it is likely to be supported by the Bollinger middle band at 2360.23 and the MA30 at 2325.05, making a sustained pullback unlikely. If the price stabilizes after testing this support, it is highly probable that the upward trend will continue. The first resistance is at 2400; breaking through this level could lead to a test of the 2430-2450 range, and in extreme cases, the key resistance at 2480 could be tested.
⚠️ Risk Warning:
If the price drops below 2340 with increased volume and the MACD forms a second death cross while volume continues to shrink, the bullish trend may quickly reverse. Caution is advised for a potential pullback to the 2300-2280 range. Strict stop-loss measures should be set to avoid trend reversal risks.
🎯 Main Strategy: Slightly Bullish
• Long Entry Range: 2340-2360
• First Target: 2400
• Second Target: 2450
• Stop Loss: 2320