$ETH 4/18 Midday Two-Piece Trading Ideas

Market Overview
• After breaking the triangle structure, a new high was created, and the bulls completed a new round of upside push
• Unable to solidly hold above 2456 key resistance, with clear sell pressure overhead
• After the spike, a bearish engulfing pattern + an isolated high point formed
• Increased need for a short-term pullback on the hourly timeframe; the larger structure still leans toward range-bound rebound
Trend Forecast 🎯
• Unable to hold 2430 → continue pullback to support around 2400
• If 2379–2369 support holds → range-bound consolidation and repair; wait for another push
• If 2386 is broken down effectively → test the support zone at 2345–2309 to the downside
• Conditions for continued upside → a volume-backed breakout of the isolated high point, and holding above 2456 → look for new highs
Trading Suggestions
【Long】（Breakout on the right side）
• Entry: Break out above 2430 on increased volume
• Stop-loss: Break below 2400
• Target: 2456 → 2461 → 2553
【Short】（Breakdown on the right side）
• Entry: Break below 2400
• Stop-loss: Above 2430
• Target: 2379 → 2369 → 2345
【Right-side chase orders】
• Chase long: Break above 2430, pull back to confirm stability, then enter
• Chase short: Break below 2400, rebound but fail to regain—then follow through
【Buy from support】
• Entry: Pull back to 2369 and stabilize
• Stop-loss: Break below 2334
• Target: 2400 → 2430 → 2456
【Left-side pending orders】
• Place long: Around 2305
• Stop-loss: Break below 2272
• Target: 2369 → 2400
Core Reminders
• This is a short-term pullback, not a direct reversal
• Set stop-loss strictly; don’t hold positions through loss and don’t use heavy leverage
• Pay close attention to support at 2369–2379 and resistance at 2430–2456
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