ETH Market Analysis

2026-04-19
12-16
Main Path
After surging to 2460, the trend weakens → Breaks below the midline → Continuous pullback → Currently forming a weak sideways and consolidation structure around 2340 + a downward correction
Sub Path
Support at 2340 tested repeatedly in the short term → Slight rebound → If unable to break above 2360 → Continue to test 2320 downward

Support Levels
2340 (current key support)
2320 (previous low support)
2280 (strong support zone)

Resistance Levels
2360 (short-term rebound resistance)
2380-2390 (midline resistance zone)
2420 (trend strength threshold)

Alternative Path
If volume increases and price recovers above 2360 with continuous 15-minute bullish candles,
then it will move: oscillate and rebound → test 2380-2390
But if 2340 is effectively broken downward,
then the structure will shift to: accelerated decline to 2320 or lower

Trading Suggestions
Short:
Rebound between 2360-2380 that does not break can be sold in parts
Stop-loss: above 2400
Target: 2320 / 2280

Long:
Light position around 2320 to attempt long (only on rebound)
Stop-loss: below 2290
Target: 2350-2360

Rhythm Summary
The current trend is very typical:
Weakening trend → Breaks below the midline → Low-level sideways consolidation → Waiting for a second decision on direction
Bollinger Bands:
Price is operating below the midline, overall bearish
MACD:
After releasing bearish momentum, it begins to shrink, but no signs of reversal
RSI:
Lingering at low levels, indicating only a weak correction, no trend reversal
Conclusion
Short-term continues to look sideways and bearish
Core trading strategy:
Focus on shorting rebounds, lightly buy at support levels, avoid chasing mid-range positions