Friday, April 17th, Ethereum Morning Analysis

Today, Ethereum's trend is relatively quiet, with the price fluctuating narrowly around $2,320, limited 24-hour volatility, and trading volume remaining light, showing no strength for bulls to push higher. The price repeatedly oscillates between $2,300 and $2,380, unable to break through for a long time, with the overall market showing weakness and a tendency toward bearish consolidation.

Short-term moving averages are converging and weakening, with multiple attempts to test resistance levels failing, indicating obvious selling pressure above. RSI is weak, with bullish momentum continuously diminishing, and MACD near the zero line showing weakening, indicating insufficient bullish strength.

The $2,300 support is not solid; once broken, a further decline is highly probable. The $2,380 resistance is relatively strong and difficult to break in the short term, with the overall pattern leaning bearish.

Friday morning advice: if Ethereum rebounds to $2,360–$2,380, consider shorting directly; do not chase longs. If it breaks below $2,300, add to short positions accordingly, targeting lower levels. Strictly set stop-losses, operate with light positions, and focus on high short positions.