4.17 ETH Early Morning Market Analysis



一. Logical Support

1. 4-hour structure: surged to 2380 during the day and then fell back; continuous pullbacks on shrinking volume make 2320-2300 a dense support zone
2. Indicator signals: 4-hour MACD dead cross, but no volume expansion; RSI neutral and slightly below; weak pullback is not a reversal
3. Funds: the ETH/BTC ratio is relatively strong; L2 funds are stable; no signs of large-scale fund outflows
→ Conclusion: Bullish bias in high-level consolidation; pullbacks are an opportunity to go long at low prices

二. Trend Characterization

Short-term is bullish and ranging; 2300 is the lifeline between bulls and bears

- Hold 2300 → range-bound upward movement; targets 2380-2400
- Break below 2300 → rapid dip toward 2250-2220

三. Trade Execution Targets

Long positions

- Entry: 2320-2330; once it stabilizes, go long directly
- Target: 2370 → 2390

Short positions

- Entry: 2385-2400; open short under resistance after pressure
- Target: 2340 → 2320

One-sentence Summary

If 2300 does not break, look for a rebound; if 2400 is not surpassed, look for a pullback; in the early morning, only trade within the range—don’t chase one-way moves.
#GatePreIPOs首发SpaceX #美伊局势和谈与增兵博弈 #WCTC交易赛瓜分800万USDT #Gate13周年 $BTC $ETH
BTC0.24%
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