4.22 ETH Market Overview

I. Market Review

Last night, the US stock market opened high and then declined, but ETH moved independently, bottoming out at 2300 and rebounding all the way up, this morning directly breaking through 2400, currently reaching a high of 2395, continuing its strong momentum.

II. Trend Judgment

Today’s most likely scenario is sideways with a slight upward bias, with a clear bullish trend, no obvious reversal signals in the short term, and a high probability of oscillating upward supported by key levels.

III. Key Levels

Support levels: 2370 (short-term support), 2350 (strong support, previous breakout platform)

Resistance levels: 2400-2410 (today’s high), 2430-2450 (previous high)

IV. Practical Trading Plan

Main direction: buy on dips → Entry zone 2370-2375 (short-term support on pullback) → Stop loss below 2350 (if broken, exit) → Take profit targets → First: 2400-2410, Second: 2430-2450 → Position size: no more than 5% of total capital per trade, split into 2 batches.

Secondary direction (aggressive): short on rallies → Entry zone 2405-2410 (rejection on resistance) → Stop loss above 2420 (if broken, abandon short) → Take profit targets 2380-2385 → Position size: only up to 2%, light position for trial.

V. Position Management Discipline

1. Prioritize trend-following with low buy-in, avoid chasing highs blindly, re-enter after pullback and stabilization.
2. After reaching the first take profit level, halve the position to lock in gains, and trail the remaining position with a moving stop.
3. If volume breaks through 2410, add a small long position; if it falls below 2350, stop loss immediately and observe.