#ETH 4.28 Midday Double Bottom Trading Idea

The four-hour structure is clear, with around 2260 as the current key support level. Once volume increases and it breaks downward, the market will weaken further, with the first downside target at 2221, and a deeper decline toward 2176.
The previous box of the double bottom showed a false breakdown to lure buyers, then quickly recovered. Currently, it is again testing the lower boundary of the box at a critical support;
If this lower boundary is effectively broken, the first retracement will be to 2253 support. If this level is lost, the 2193 support level will be reached.

Trading suggestions:
Break through with volume and hold above 2306, follow the trend to buy on the right side, and reasonably trail stop-loss.
If volume drops below 2280 with a rebound that cannot recover, follow the trend to short on the right side, strictly manage risk with stop-loss;
A rebound to 2231 support stabilizes and stops falling, consider light long positions, with a stop-loss at 2197.
Hourly chart: Successfully hold above 2306, short-term rebound range is 2338—2379.
Above 2379 is a strong resistance zone for a short attempt. If a strong breakout occurs above 2405, the bearish idea fails, and stop-loss should be executed promptly.