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April 7th ETH Market Analysis
Yesterday's analysis indicated that the market would continue to fluctuate upward, and last night we also advised paying attention to the 15-minute retracement, which followed our expectations. The resistance above remains around 2185, but it has not been broken. We mentioned yesterday that as long as it does not fall below 2080, the upward trend will continue. Currently, it is around the rebound.
The overall approach for today remains unchanged. As long as 2080 is not broken, a rebound is expected. From the 4-hour and daily charts, the current move has not completed this segment of the trend. The main direction will still be characterized by wide-range fluctuations.
Next, focus on the support level at 2080, which must hold. For the bulls to continue, they need to break through the 2170 level. Once broken, the market will likely move around the 2375 area.
Support: 2080-2020
Resistance: 2170-2240