$ETH 4/19 Afternoon Analysis of the Second Candle

✅Bullish Thinking:
Try long positions lightly in the 2290-2300 range, stop loss at 2270 (below the 15-minute low), target 2330-2350
✅Rebound Strategy:
If the rebound quickly breaks through 2360 with volume support, can lightly chase longs, stop loss at 2330, target 2390-2410;
If the rebound encounters resistance near 2360 and falls back, can short lightly in the short term, stop loss at 2380, target 2310-2290.
Currently, ETH is following Bitcoin's correction, in a short-term oversold recovery phase, focus on the 2290 support level in the afternoon; if it stabilizes, a technical rebound is possible.
The first resistance above is in the 2340-2360 range; if the rebound is weak, beware of further decline to the support zone at 2260-2280.

Technical Logic
Key support and resistance levels:
Support: 15-minute low at 2291.29, combined with the 4-hour Bollinger Band lower band at 2286, forming a strong support zone; 2290-2300 is the core area for midday bulls to defend.
Resistance: The 1-hour Bollinger Band middle line near 2344 shows clear resistance; next is the psychological level at 2360 plus previous oscillation platform, making 2340-2360 the critical threshold for the continuation of the rebound.
Indicator Resonance Signals:
MACD: Multi-timeframe red columns continue to expand, DIF and DEA lines diverge downward, indicating ongoing bearish momentum, but the 15-minute red column begins to shrink, showing signs of short-term stabilization.
RSI: 1-hour RSI drops to 8.78, entering a severe oversold zone; 15-minute RSI rebounds to 37.30, indicating strong oversold correction demand, favorable for a short-term rebound.
Volume: During the morning decline, volume increased; in the afternoon, volume significantly contracted, indicating weakening bearish momentum and improved support validity.
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