4-28 Afternoon Market Viewpoint

Currently, ETH is in a phase of oscillatory correction after a decline. Previously, the market quickly dropped to around 2263 and then experienced a short-term rebound, but the rebound strength was limited, and it failed to regain a key structural level. The current price is around 2290, with the overall trend showing weak oscillatory recovery, and bullish rebound momentum is relatively weak.
The 2290–2310 zone has become a short-term key support and resistance level. If the price can hold above this area, the market may test the 2330–2350 resistance zone again; if it remains under pressure in this zone, the market could retest the 2260 or even 2230 support levels.
BOLL (Bollinger Bands):
Upper band: around 2375
Middle band: around 2319
Lower band: around 2264
The Bollinger Bands are still opening, but the lower band is beginning to flatten, indicating that downward momentum is slowing, and the market is entering a phase of oscillatory correction.
The current price is near below the middle band; if it cannot break back above the middle band, the short-term outlook remains weak.
MACD: DIF and DEA are operating below the zero line, with decreasing green bars, indicating that bearish momentum is weakening, but no reversal signal has formed yet; the overall trend remains in correction.
Key resistance levels:
2310 (short-term resistance)
2330 (structural resistance)
2350 (strong resistance level)
Key support levels:
2260 (short-term support)
2230 (interval support)
2200 (integer support)
Summary: The current market is in a weak correction phase after a decline. Although there are signs of a short-term rebound, the overall structure has not yet strengthened. If the price cannot effectively hold above 2310, there is still a risk of further decline. It is recommended to maintain a sideways strategy, favoring high-position short-term shorts on rebounds, and wait for confirmation at key levels before participating.