Hong Kong, April 21, 12:21 PM, ETH Market Analysis

(Daily chart) Slightly bearish with volatility (4H) Clear bearish trend (1H) Weak trend recovery
Comprehensive resonance Slightly bearish oscillation The most clear medium-term bearish signals, trend-following direction is bearish Bearish dominance

At the 4H level, the MACD death cross structure is the clearest, and the volume contraction with no volume rebound is a typical signal of a downtrend continuation, so mainly follow the trend to short, with minor long positions as a supplement (limited to ultra-short-term trading)

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Reference Sell: 2363—2388 (Follow the trend, prioritize trading)

Reference Buy: 2247—2208 (Counter-trend, light positions)

ETH Resistance Levels

First resistance: around 2333 (35% chance of breakthrough)

Second resistance: around 2363 (27% chance of breakthrough)

Third resistance: around 2388 (18% chance of breakthrough)

Fourth resistance: around 2430 (9% chance of breakthrough)

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ETH Support Levels

First support: around 2288 (36% chance of breakdown)

Second support: around 2247 (51% chance of breakdown)

Third support: around 2208 (58% chance of breakdown)

Fourth support: around 2147 (63% chance of breakdown)

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