ETH breaks above the critical support of 2200! Bulls quietly return, with 2400 potentially becoming the next breakout point | In-depth analysis of the April 20 market trends

1. Market Overview

Currently, Ethereum ETH is priced at 2,275.35 USDT.

From the overall trend, after ETH completed a top structure near the previous high point, the market experienced a clear mid-term correction.

The price once dipped to a key support area before beginning to show a technical rebound.

The market structure is now changing:

Downtrend → Panic release → Bottom oscillation → Rebound and recovery

The 2,200—2,300 range has now become the new core area for bulls and bears to compete.

2. Daily Chart Analysis (Mid-term Trend)

From the daily chart structure, ETH previously experienced a significant downtrend, but at the end of the decline, the market showed clear signs of a bottoming signal.

Recent candlestick features:

Downward momentum significantly weakened

Multiple tests of support around 2200

Price gradually started to oscillate higher

This indicates the market is forming a phase-based bottom structure.

3. Four-Hour Chart Analysis (Short to Mid-term Trend)

From the 4-hour candlestick chart, ETH is currently in a sideways upward structure.

Recently, the price has been gradually rebounding from around 2100 and has now entered the 2250—2300 resistance zone.

Four-hour trend characteristics:

Higher lows continue

Pullback strength gradually diminishes

Bullish funds are gradually flowing back

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

From the 1-hour trend, ETH is now in a short-term sideways upward channel.

Trend features:

Rapid pullbacks are quickly absorbed by buying

Short-term funds continue to participate

Market sentiment is gradually warming

Indicating that short-term bulls are gradually gaining control.

April 20 Trading Strategy

Direction: Enter Long

Entry position: 2275.35

First target: 2309

Second target: 2344

Stop-loss: 2229