ETH Market Analysis

2026-04-22
12-16
Main Path
Breakout above 2325 with volume → Rapid rise to around 2370 → Currently entering high-level consolidation (bulls dominate)
Secondary Path
Facing resistance around 2370 → Pull back to 2350-2330 → Then attempt a second surge
If the pullback intensifies → Return to 2325 to confirm breakout validity

Support Levels
2350 (short-term strong support)
2330 (breakout confirmation level)
2300 (trend defense level)

Resistance Levels
2375-2380 (current resistance zone)
2400 (psychological barrier)
2450 (previous high pressure)

Alternative Path
If 2350 holds steady + volume decreases for consolidation
→ Second attack → Break through 2380 → Target 2400
If it breaks below 2330 with volume
→ Fake breakout structure → Re-test 2300 or even 2280

Trading Suggestions
Long:
Buy on pullback at 2350-2330
Stop-loss: below 2310
Target: 2380 / 2400

Short:
Light position for short at high levels around 2375-2400
Stop-loss: above 2420
Target: 2350 / 2330
Currently not recommended to chase longs, as it’s already in a high zone after a rally

Rhythm Summary
Current rhythm:
Volume breakout → Accelerated rise → High-level sideways digestion → Waiting for a second direction
Bollinger Bands:
Opening upward, upper band is capped → Strong trend market
MACD:
Volume above zero line → Bullish momentum strong, but showing signs of weakening
RSI:
Near 70 → Overbought, needs a pullback

Conclusion
This phase is no longer the initial rally but a divergence stage after the rise
Key points to watch:
Can 2350 hold?
Can 2380 break through?
One sentence summary:
Strong momentum is fine, but don’t chase in the short term; waiting for a pullback is a more comfortable position