๐Ÿš€ 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.

๐Ÿ“Š 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.

โ‘ก 4-Hour Level (Trend Structure)

The 4-hour level shows:

1๏ธโƒฃ Price has re-placed above the short-term moving averages
2๏ธโƒฃ The market is beginning to form a higher low structure
3๏ธโƒฃ 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

๐ŸŽฏ ETH Long Position Strategy for Today (Execute directly)

Trading direction: Long

Entry method
๐Ÿ‘‰ 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%)

ETH0.2%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments