Hong Kong, April 15th, 8:20 PM, ETH Market Analysis

The long-term cycle is upward, the medium-term cycle is stabilizing, and the short-term cycle is gathering strength. This is the best opportunity to confirm a pullback buy-in, with a secondary surge about to start. Global bears are paying the price, and the price is refusing to fall. This is a classic precondition for a short squeeze market.

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Reference Short: 2387—2400 (light position trading)

Reference Long: 2296—2270 (preferential trading)

ETH Resistance Levels

First resistance: around 2386 (45% chance of breakthrough)

Second resistance: around 2400 (38% chance of breakthrough)

Third resistance: around 2418 (22% chance of breakthrough)

Fourth resistance: around 2455 (10% chance of breakthrough)

ETH Support Levels

First support: around 2326 (42% chance of breakdown)

Second support: around 2296 (38% chance of breakdown)

Third support: around 2270 (25% chance of breakdown)

Fourth support: around 2216 (15% chance of breakdown)

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