4.21 Ethereum warm water boiling frog market continues, when will the bottom consolidation stop? Latest market analysis reference.

The essence of trading is survival, and only then is it profit. I hope you can understand.
The current price of Ethereum is 1580. It is now a little past three o'clock in the morning Beijing time. The bulls who were waiting did not get what they hoped for, and the short entry point also did not arrive. Instead, there has been a wave of price action that broke below the previous low. The support below has fallen below 1587, and the "boiling frog" market continues to persist. The lengthy bottom consolidation market has a very small range, and there is basically no room for operations if doing contracts. It is recommended to continue waiting until after the previous low is broken before considering whether to move upwards. Therefore, the analysis is mainly for reference.
The daily K-line reached a high of 1618 and a low of 1564. The EMA trend indicator still indicates a strong bearish trend. The EMA15 fast line has already fallen below 1630 and continues to decline. The MACD has consistently increased, but the K-line shows a downward divergence. A significant trend is showing a bottom divergence pattern. Interested traders can look for opportunities to enter after the previous low, aiming to catch a wave of medium-term trends. The Bollinger Bands are continuously trending downwards, with the K-line being blocked at the middle band of 1640, spreading downwards. Pay attention to the lower band support at 1415.
The four-hour K-line clearly shows the dominant trend of following the decline rather than the rise. The K-line has broken below the EMA trend line and reached a low position. The MACD has finished expanding and started to contract, with the DIF and DEA forming a death cross. The K-line is currently blocked by the lower support of 1565, making the range narrower. The mid-range resistance level to watch is 1591. In such a narrow market, the risk of trading is greater than the reward, so it is recommended that everyone remains cautious and observes for now, focusing on survival before considering future moves, or waiting for a potential opportunity, which is to get in when Ether breaks the lowest point of the year, without shorting.
Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first, small losses with big gains is the goal.
The entry point for the upward trial is between 1420 and 1380, with a defense at 1350, a stop loss of 30 points, and a target of 1470 to 1530. If it breaks, look at 1560 to 1600.
The southward test range is from 1670 to 1700, with a defense at 1730, a stop loss of 30 points, and a target looking at 1620 to 1580, with a breakdown looking at 1550 to 1530.
The specific operations are mainly based on real-time market data. For more information, you can consult the author. There may be delays in article publication, and it is advised to use this information for reference only, with risks to be borne by yourself.