ETH reclaims above 2400! Bullish reversal signals are emerging, with 2500 potentially becoming the next target | In-depth analysis of Ethereum market trends on April 18

1. Market Overview

The current latest price of Ethereum ETH is 2420.72 USDT.

From the overall trend, after experiencing a sharp correction earlier, Ethereum has recently gradually completed a phase of bottoming out, and market sentiment has clearly recovered. The price has rebounded from lows and gradually stabilized above the $2400 region, indicating that bullish funds are beginning to regain control.

The current market structure can be understood as:

High-level correction → Bottom oscillation → Capital inflow → Rebound and recovery

The most critical observation area for the market next is the pressure zone between $2450 and $2500.

2. Daily Chart Analysis (Medium-term Trend)

From the daily chart structure, ETH previously formed a top at a high level before entering a correction phase, but recently it has gradually stabilized at lows and formed a rebound structure with oscillating upward.

The daily trend shows several positive signals:

The downtrend has significantly slowed

Lows are gradually rising

Buying pressure is beginning to strengthen

This indicates that the market is gradually completing the bottom chip exchange phase.

3. 4-Hour Chart Analysis (Short to Medium-term Trend)

From the 4-hour candlestick chart, ETH is currently in an oscillating upward structure.

Recently, after rebounding from lows, the trend has gradually formed an upward rhythm, with each correction quickly absorbed by market buyers.

Characteristics of the 4-hour trend:

The correction amplitude is gradually decreasing

Bullish momentum is gradually stabilizing

Price is gradually approaching a key resistance zone

This usually indicates:

Short-term bullish strength is gradually increasing.

4. 1-Hour Chart Analysis (Short-term Trading Opportunities)

From the 1-hour trend, ETH has currently formed a short-term bullish trend structure.

Trend features:

Lows are continuously rising

Corrections are quickly absorbed by buyers

Market short-term sentiment is biased towards the bullish side

This suggests that short-term funds are continuously attempting to push the price higher.

6. Trading Strategy for April 18

Direction: Enter Long

Entry position: 2420.72

First target: 2456

Second target: 2493

Stop-loss: 2370