ETH-----Sell around 1610, target 1550 area

Technical analysis of ETH contract on April 16:
Today, the large-cycle daily level closed with a small negative line yesterday, and the K-line pattern was a single negative and a single positive, but the price was still below the moving average. The attached indicator dead crosses and the fast and slow lines are golden crosses, but the pressure is below the zero axis. In this way, the current pullback trend can only be regarded as a correction, because the price has not stood on the moving average and has not broken the previous high. It is easy to fall under pressure for the second time when the indicators are not unified; the current K-line pattern of the four-hour chart has fallen continuously, and the attached indicator dead crosses. The price is below the moving average, and the pressure position of the pullback moving average is near the 1610 area. The short-cycle hourly chart was under pressure in the US market yesterday and was corrected in the Asian time today. The trend pattern is still the same, and the correction pullback cannot be large.

Therefore, today's ETH short-term contract trading strategy: sell at the pullback 1610 area, stop loss at the 1640 area, and target the 1550 area;