#ETH Monday Night Er Bing Trading Strategy and Thoughts for April 13

Er Bing is currently holding within a narrow consolidation range inside a flag pattern, and the overall price action is relatively steady. As long as it keeps ranging within this zone, short-term risks remain controllable.
If price breaks below the lower boundary of the flag, the key Fibonacci 38.2% support at 2158 will most likely be lost as well. If that level holds, the hourly-level bullish structure will remain strong. Once it breaks, bullish momentum will noticeably weaken, and the price will likely probe down toward the 61.8% retracement at 2120 and the 1:1 target at 2060.
Multiple layers of resistance are concentrated overhead: a variant bearish engulfing, the evening star, and consecutive formation of isolated highs all act as suppressing forces. Rebound resistance is relatively high. Only with a valid breakout above the upper boundary of the flag can further upside space be opened; the target zone is 2232-2275.

Monday Night Er Bing Trading Recommendations
Break out above 2206 on increased volume; follow from the right side with a long position, and after the market stabilizes, look toward 2235-2275.
Break down below 2175 on increased volume; chase a short from the right side, and after the 4-hour level is broken, look down to 2133-2085.