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The following content is for personal opinion only and should not be considered any investment advice.
Ethereum ETH market analysis April 20, 2026
The market structure starting from February 6 for Ethereum is also considered a rebound, as I have mentioned many times before. Next, focus on whether the support zone between 2140 and 2014 will be broken. If the daily candlestick closes below this zone, the current rebound from February 6 will be over, and we should watch for new downward momentum!
As long as this zone is not broken, it is temporarily viewed as a small-scale correction against the previous black line rebound. After the correction ends, it may continue testing the pressure zone of the blue box. If it continues to be suppressed here and quickly forms a five-wave decline, it can be seen as the end of this rebound segment and the start of a new decline.