ETH Market Analysis

2026/4/24
Valid for four hours: 12-16
Main Path
High at 2423 peak → Consolidation downward → Weak rebound → Breaks below midline → Continues weakening → Currently testing support around 2300 repeatedly → Bearish dominant with weak oscillation structure
Secondary Path
Short-term support at 2300 appears → Slight rebound → But always under pressure from midline (about 2320-2340)
If rebound cannot volume-break through midline → Continue sideways with a bearish bias
If reclaims 2340 → Only then has a chance to turn strong

Support Levels
2300 (current key support)
2280 (previous low support)
2250 (breakdown acceleration zone)

Resistance Levels
2320 (short-term resistance)
2340 (midline resistance)
2360 (structure reversal point)

Alternate Path
If 2300 remains unbroken + MACD turns bullish
→ Forming a range-bound oscillation (2300-2340)
If 2300 breaks down
→ Bearish continuation → Further decline to 2280 or even 2250

Trading Suggestions
Short:
Short in the 2320-2340 zone under pressure
Stop-loss: above 2360
Take profit: 2300 / 2280

Long:
Light short-term longs around 2300-2280
Stop-loss: below 2250
Take profit: 2320 / 2340
Current market momentum is weak, not recommended to chase longs

Momentum Summary
End of rally → Sideways at high levels → Downward oscillation → Breaks structure → Weak rebound → Continues weakening
Bollinger Bands:
Price below the midline, lower band gradually opening → Bearish trend continues
MACD:
Red bars continue to expand → Bearish momentum remains
But showing signs of shrinking volume → Short-term rebound possible
RSI:
Oscillating at low levels → No strong reversal signals appear
Conclusion
The current trend is still dominated by a bearish trend, with short-term oscillation correction
Key Points:
Unable to hold above 2340 → Continue bearish momentum
Break below 2300 → Accelerate downward
Short-term core strategy
Primarily rebound to short
Long positions only on support rebounds, not on trend reversals