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Ethereum ETH Market Analysis April 20, 2026
The market structure of ETH starting from February 6 is also considered a rebound conclusion; I have mentioned this many times before. Next, focus on whether the support zone of 2140-2014 will be broken. If the daily level entity breaks this zone, then the rebound that started from February 6 will be considered over. After that, watch for new downside strength!
As long as this zone is not broken downward, temporarily treat it as a small-level pullback in response to the previous rebound along the black line. After the pullback ends, it may continue to test the pressure zone within the blue box. If it continues to be suppressed here and quickly moves out a five-wave decline, then this rebound can be regarded as over, and the new downtrend will begin #eth $ETH