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April 24th ETH: Short-term weak consolidation pattern
The hourly chart moving averages are in a bearish arrangement, MACD continues to operate below the zero line, RSI has fallen again before reaching overbought levels, indicating weak rebound momentum.
Currently, ETH shows a pattern of "weak fundamentals, weak sentiment, weak technicals," with a high probability of short-term weak oscillation between 2280 and 2345. After overselling, there may be a slight technical rebound, but the magnitude should not be optimistic.
Trading suggestions
Gradually short in the 2335-2345 range, target 2280$ETH