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Hong Kong, April 20th, 8:17 AM, ETH Market Analysis
Daily trend direction: The medium-term daily chart is bullish, so the main focus should be on looking for buying opportunities at lower levels rather than shorting.
Current contradiction: The 4-hour adjustment has not yet finished, so blindly going long is not advisable.
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Reference Sell: around 2358 (counter-trend, light position trading)
Reference Buy: 2198—2179 (trend-following, prioritize buying)
ETH Resistance Levels Above
First resistance: around 2286 (38% chance of breakthrough)
Second resistance: around 2303 (42% chance of breakthrough)
Third resistance: around 2358 (40% chance of breakthrough)
Fourth resistance: around 2415 (27% chance of breakthrough)
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ETH Support Levels Below
First support: around 2248 (42% chance of falling below)
Second support: around 2198 (63% chance of falling below)
Third support: around 2179 (41% chance of falling below)
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