ETH Market Analysis

2026-04-22
20-24
Main Path
Volume breakout above 2390 → Surge to 2414 facing resistance → Pull back without breaking and continue sideways → Currently in a strong high-level consolidation structure (bullish continuation)
Secondary Path
Fluctuation around 2400 → Pull back to 2380-2370 → Reattempt to hit 2415
If pullback strength increases → Drop to 2350 to decide direction

Support Levels
2380 (short-term support)
2370 (structural pullback level)
2350 (key bull-bear dividing line)

Resistance Levels
2415 (previous high strong resistance)
2450 (trend upper boundary pressure)

Alternative Path
If 2380 holds + volume increases again
→ Second attempt to rise → Break through 2415 → Open upward space
If it breaks below 2370 with volume
→ Strong structure is broken → Pull back to 2350 or even 2320

Trading Suggestions
Long:
Buy low in the 2380-2370 range
Stop loss: below 2350
Take profit: 2415 / 2440

Short:
Light short position with resistance in the 2410-2420 range
Stop loss: above 2440
Take profit: 2380 / 2370
Currently not recommended to chase longs, as it’s in a high-level consolidation phase

Rhythm Summary
Current rhythm:
Volume-driven rise → High-level sideways → Waiting for a second decision on direction
Bollinger Bands:
Price hugging the upper band, upper band continues upward → Strong but starting to slow down
MACD:
High-level red bars shorten → Momentum begins to weaken, but no death cross yet
RSI:
In the high zone → Needs a correction but not yet weakening
Conclusion
The market remains bullish but has entered a high-level digestion stage
Key points to watch:
Whether 2380 can sustain support (determines if the bull is healthy)
Whether 2415 can be effectively broken (determines if a new rally begins)
Short-term core:
Don’t chase high, wait for pullback to go long or wait for breakout confirmation before following