ETH Market Analysis

2026/4/24
Valid for four hours: 20-24
Main Path
Downtrend → Support at 2300 → Consolidation and correction → Rebound touching the midline → Currently under pressure near 2320-2330 → Weak rebound meets resistance, structure still biased bearish
Secondary Path
Short-term rally approaching midline (around 2330)
MACD turns bullish but volume is not sustained
If unable to break out with volume → Pull back and continue sideways, leaning bearish

Support Levels
2310 (short-term support)
2300 (key support)
2280 (accelerated breakdown level)

Resistance Levels
2330 (current resistance)
2350 (strong resistance above midline)
2380 (trend reversal point)

Alternative Path
If 2330-2350 breaks out effectively with volume
→ Short-term strength shifts → Target 2360-2380
If 2330 remains under pressure
→ Pull back → Re-test 2300 again

Trading Suggestions
Short:
Short in the 2330-2350 range
Stop-loss: above 2365
Take profit: 2310 / 2300

Long:
Light long positions at 2300-2310
Stop-loss: below 2280
Take profit: 2330 / 2350
Currently not suitable for chasing longs, prone to quick pullback

Rhythm Summary
Downtrend → Support at the bottom → Consolidation and correction → Rebound meets resistance → Reassess direction
Bollinger Bands
Price runs near the midline and faces pressure
Midline flattens → Sideways structure
Upper band not opening → Limited upside space
MACD
Green bars expand then start to weaken
Indicates rebound momentum is waning
RSI
Near the middle zone → No strong trend
Sideways market
Conclusion
Currently in a rebound phase within a bearish trend, approaching resistance levels
Key Points
If 2330 cannot hold → Continue to pull back
Breakthrough at 2350 → Only then can it turn stronger
Short-term Strategy
Prioritize short positions at high levels
Support with low long positions
Operate strictly within the range, avoid chasing breakouts