ETH Market Analysis

2026/4/24
Valid for four hours: 0-4
Main Path
2423 fails to surge → High-level consolidation → Breaks below the midline → Continues to decline → Stabilizes at 2330 → Currently in a correction phase within a bearish trend (weak rebound sideways)
Secondary Path
Rebound after 2330 stops falling → But rebound strength is limited → Continues to be pressured below the midline
If 2345-2360 cannot break through → Reverts to a downward structure
If volume breaks through 2360 → Only then may it shift to a sideways upward trend

Support Levels
2320-2330 (current short-term support)
2300 (key support)
2280 (breakdown acceleration zone)

Resistance Levels
2345 (short-term resistance)
2360 (strong pressure at the midline)
2380 (structural reversal pressure)

Alternate Path
If 2330 repeatedly fails to break and volume increases →
Form a consolidation zone (2330-2360)
If it breaks below 2330 again →
Bearish continuation → Further decline to 2300 or even 2280

Trading Suggestions
Short:
Pressured short in the 2345-2360 range
Stop-loss: above 2380
Take profit: 2320 / 2300

Long:
Light short-term long positions at 2320-2330
Stop-loss: below 2300
Take profit: 2345 / 2360
Current market is not suitable for chasing orders, it’s a consolidation + weak rebound

Rhythm Summary
Current rhythm:
End of rally → Sideways consolidation → Decline → Stopping decline → Weak rebound sideways
Bollinger Bands:
Price operates below the midline → Upper band presses down → Bears still dominate
MACD:
Green bars shorten → Rebound momentum exists but not bullish yet
RSI:
Rebounds from low levels → Clearly in a correction phase
Conclusion
The current essence remains a sideways correction within a bearish trend
Key points:
Unable to hold above 2360 → Continued bias to the downside
Break below 2330 → Bearish continuation
Short-term core strategy
Prioritize short positions at high levels
Only take short-term longs at low levels, do not participate in trend reversals