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๐ ETH bulls start to counterattack! The key support holds steady, and a short-term rebound window may be approaching.
Current Time: April 28
Current Price: 2284
Underlying Asset: Ethereum
From the overall trend perspective, after ETH rebounded from the 1736 low point, the price gradually raised its lows, and is now back in the 2200+ consolidation zone. Recently, the trend shows a structure of higher lows + sideways consolidation, which usually indicates the market is in a phase of gathering strength and consolidating.
In the short term, the bearish momentum has clearly weakened. If the bulls continue to hold the key support, there is a technical rebound opportunity today.
๐ Technical Structure Analysis
โ 1-Hour Level (Short-term Structure)
From the 1-hour chart, we can see:
MA7 has started to flatten and turn upward
The price has bounced quickly multiple times near 2260
A short-term sideways upward structure has formed
This indicates that short-term funds are gradually entering the market.
Key levels:
Short-term support
2260
Strong support
2230
Short-term resistance
2320
Strong resistance
2350
As long as 2260 is not effectively broken downward, the short-term rebound structure remains valid.
โก 4-Hour Level (Trend Structure)
The 4-hour level shows:
1๏ธโฃ Price has re-placed above the short-term moving averages
2๏ธโฃ The market is beginning to form a higher low structure
3๏ธโฃ The downtrend is slowing down
This structure usually indicates the market is entering:
Consolidation at the bottom โ gradual rebound
If the bulls continue to exert effort, ETH may test today:
2300 โ 2330
๐ฏ ETH Long Position Strategy for Today (Execute directly)
Trading direction: Long
Entry method
๐ Market buy: around 2284
Take profit targets
First take profit
2306 (+1%)
Second take profit
2329 (+2%)
Risk management stop-loss
Stop-loss level
2249 (-1.5%)