Wednesday, April 15: Ethereum Syncing Empty

Last night, Ethereum surged to the 2400 level driven by market sentiment, then the bullish momentum quickly exhausted, and the price sharply retreated, currently consolidating between 2330-2340. Overall, it shows a pattern of unable to sustain gains and volume-driven decline, with the short-term rebound ending, and the market returning to a weak state.

The daily rebound was blocked, the price failed to stabilize above the key resistance at 2400, and the moving average system remains under pressure, indicating the medium-term bearish trend has not been reversed. The 4-hour cycle saw a rise followed by a fall, forming a long upper shadow, with volume drying up on the rebound and increasing on the decline. Indicators also weakened, with bearish forces gradually dominating. A strong resistance zone forms at 2380-2400, and the downward risk continues to grow.

The overall strategy remains mainly high-level short positions. Rebounds to the 2380-2400 area can be gradually deployed, with strict position control and risk management. Support is first seen at the 2300 level; if broken effectively, the market will further decline, and follow-up trading should be in line with the trend, avoiding blindly bottom-fishing or going against the trend. #加密市场回升 $BTC