April 26 Afternoon Market Viewpoint

Currently, ETH has fallen back from the high of 2423 and remains in a corrective consolidation structure after the decline. Previously, the market bottomed out around 2290 and then rebounded, with the price once returning to around 2330, then facing resistance and falling again. The current price is around 2305, and the overall trend shows a range-bound consolidation, with bulls and bears continuously tugging within this zone.

The 2300—2315 area has become a short-term key dividing line between bullish and bearish sentiment. If the price can hold above this zone, there is a chance to test the 2330—2340 resistance range again; if it continues to face resistance in this area, the market may retest the support levels at 2280 or even 2290.

BOLL (Bollinger Bands):
Upper band: approximately 2360
Middle band: approximately 2315
Lower band: approximately 2280

The Bollinger Bands are beginning to contract overall, with the middle band gradually flattening, indicating that market volatility is continuing to narrow, and the market is entering a consolidation phase. Currently, the price is operating below the middle band, repeatedly bouncing to test it but failing to stabilize above, suggesting that resistance above still exists. In the short term, the market mainly moves within a range.

MACD:
DIF and DEA are operating below the zero line, with small-volume bearish bars, indicating that bearish momentum still persists but is not strong. Overall, the market remains in a corrective consolidation phase.

Key Resistance Levels:
2315 (short-term resistance)
2330 (structural resistance)
2350 (strong resistance level)

Key Support Levels:
2300 (short-term support)
2280 (range support)
2290 (previous low support)

Summary:
The current market is in a corrective phase after a decline, with bulls and bears repeatedly fighting within the 2280—2315 range. If the price can break above and stabilize at 2315, the rebound space will further open up; if it faces resistance in this zone, the market may retest support levels at 2280 or even 2290. It is recommended to maintain a range-bound trading approach and wait for key levels before participating in trades.

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