ETH Market Analysis



2026/4/27
Valid for four hours

Main Path

2404 high point → End of rally → Volume sell-off → Breaks structure → 2307 stops falling
→ Currently entering a weak sideways consolidation (bearish dominance phase)

Secondary Path

If rebound breaks above 2330
→ Short-term correction → Watch 2345-2360

But if it continues weak sideways
→ Likely to test lows again → Break below 2300

Support Levels

2310 (current support)
2300 (key level)
2280 (break extension)

Resistance Levels

2330 (short-term resistance)
2345 (rebound confirmation level)
2360 (bearish defense level)

Alternative Path
Upward:

Break through 2330 and stabilize
→ Bearish momentum weakens
→ Rebound continues to 2345-2360

Downward:

Break below 2300
→ Second wave of bearish release
→ Further down to 2280 or lower

Currently in a weak structure after a breakdown
→ Mainly bearish, light positions, avoid heavy bottom-fishing

Rhythm Summary

Rally → End → Volume decline → Break → Sideways correction

Technical Structural Features
15m:

Large bearish candle sell-off
Small sideways consolidation
→ Standard “downtrend continuation”

MACD:

Bearish crossover below zero line
Bars still negative
→ Bearish momentum dominates

RSI:

Rebounded after dropping near 30
But still in a weak zone
→ No bullish trend

1H:

Structure has turned bearish
Rebound without volume
→ Bearish trend confirmed

Conclusion

It’s not just consolidation now
It’s a weak correction after a breakdown

Focus on two key points:
Breaking above 2330 → signifies end of decline and correction
Breaking below 2300 → accelerates further decline
ETH-3.14%
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