ETH Market Analysis

2026-4-16
20-24
Main Path
Selling pressure release → Selling stops at low levels → Rebound repair → Look for further continuation
This part is different from what we just saw:
Stops the decline below 2330 + a volume-increased rebound bullish candle pulling back near the midline
Explanation:
Although the bears hit a move, it did not turn into accelerated downside; it was absorbed

Technical Structural Features
BOLL
Price rebounds from near the lower band → back to the midline
Explanation:
In the short term, from weakness → entering the repair phase (a choppy/oscillating structure reappears)
MACD
Green bars shorten → shows a turn
There are signs of a golden cross forming
Explanation:
Bearish momentum is weakening, and the bulls start probing
RSI
Quickly pulls back from around 40 and returns to near 60
Explanation:
Sentiment repairs clearly, with rebound momentum
Main Path Judgment
Selling stops at low levels and rebounds → pullback to confirm → then choose direction again

Secondary Path
If it holds steady above 2350
It will run for a stretch of continuation rebound
If it falls back below 2330 again
The bears will take control again

Support Levels
2330 (current core support)
2310

Resistance Levels
2350 (short-term key)
2370

Alternative Path
If 2350 breaks through and holds steady
It will test 2370, and even the upper band
If 2350 is capped/pressured
The market will continue to maintain range-bound oscillation

Trading Suggestions
Long Position Ideas
Buy on a pullback around 2335-2340
Stop loss: 2320
Targets: 2350-2370

Short Position Ideas
Short on pressure around 2350-2365
Stop loss: 2375
Target: 2330

Rhythm Summary
The current rhythm has already shifted from:
bearish release → to consolidation repair
Note:
This is not a reversal, but “stopping the decline + repair”
Conclusion
In the short term, it enters a range-bound zone
The key is:
whether 2350 can hold steady
One core line:
This is not a one-sided short anymore; it’s a re-contested range between bulls and bears