ETH Market Analysis

2026-04-24
0-4
Main Path
Surge near 2420 faces resistance → Fails to break higher and consolidates → Falls below 2400 → Currently entering a high-level pullback correction phase (more sideways with weak momentum)
Secondary Path
Oscillation around 2390 → If rebound above 2400 fails → Continue downward to 2370
If reclaims 2400 → Test 2420 resistance again

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

Resistance Levels
2400 (short-term resistance)
2420-2430 (strong resistance zone from previous high)

Alternative Path
If 2380-2370 stops the decline with increased volume → Re-strengthen → Push above 2400 again
If breaks below 2370 → Structural weakening → Revisit 2350 or even 2320

Trading Suggestions
Long:
Buy on dips around 2365
Stop-loss below 2350
Take profit at 2400 / 2420

Short:
Light short on rebounds between 2395-2410 that fail to break higher
Stop-loss above 2430
Take profit at 2370 / 2350
Current position not suitable for chasing longs, as the strong rally has shifted into a correction phase

Rhythm Summary
Current rhythm:
Volume-driven rally → Encounter resistance at high → Sideways consolidation at high → Pullback correction
Bollinger Bands:
Price pulls back from upper band toward the middle band → Weakening strength
MACD:
Green bars shorten and turn red → Bearish momentum begins to release
RSI:
Recedes from high levels → Short-term weak oscillation
Conclusion
The market has shifted from a bullish dominance to a high-level correction phase
Key points to watch:
Can 2380-2370 hold the decline (determines if it’s just a correction)
Can 2400 be regained (determines if bulls return)
Short-term core strategy:
Avoid chasing longs, prioritize waiting for a rebound to short or confirmation of support before going long