$ETH 4/27 Crypto Morning Analysis
✅ Long Strategy: Don't chase the highs! Wait for a pullback to stabilize in the 2370-2380 range, then enter a light position to long, targeting 2400-2410, with a stop-loss set below 2350.
✅ Short Strategy: For the aggressive traders, you can try a light short in the 2400-2405 range, targeting a pullback near 2375, with a stop-loss above 2415.
⚠️ Reminder: The market sentiment is currently hot, and volatility will be stronger than usual, so make sure to set your stop-losses, don’t hold onto losing positions!
4-Hour Chart
The 4-hour Bollinger Bands are opening up to the upside, with prices pushing against the upper band. The MACD green bars have just emerged, indicating a slow release of bullish momentum. However, the RSI1 has surged to 87, entering the overbought zone directly. The middle Bollinger Band around 2327 is the core support line for this bullish wave; as long as we don't break below during a pullback, the overall direction remains bullish.
1-Hour Chart
The 1-hour level is also strong, with prices consistently touching the upper Bollinger Band. The channel is widening, and the MACD green bars are continuously expanding, maintaining bullish momentum. However, the RSI1 has reached 81, showing clear signs of overbought conditions, and short-term selling pressure has started to emerge, so don’t blindly chase the highs anymore. The middle band around 2355 is the first support level for the upcoming pullback; as long as this holds, there’s still hope for bulls.
15-Minute Chart
The 15-minute level has shown a pullback signal: after prices surged past 2403.99, they began to retreat, with the MACD green bars decreasing, and the RSI also dropping from the highs, indicating a waning of short-term bullish strength. The middle Bollinger Band around 2376 is the target for the short-term pullback; if this holds, there’s still a chance for another push higher.
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