April 28th 20:53 | Real-time ETH Market Analysis

Currently, ETH's large, medium, and small cycle trends are diverging:
The large cycle is generally weak, the medium cycle bearish structure is fully established, and the short-term small cycle is severely oversold, indicating a need for technical rebound correction.

The resonance strength across multiple cycles is moderate to weak. Trading logic primarily follows the daily and 4-hour higher-level trend rhythm, maintaining a strategy of mainly riding the trend with high positions in the main trend and light positions at key supports for testing longs, avoiding contrarian heavy bets on reversals.

Core Trading Range

✅ Follow the trend for short positions (main idea)
Rebound resistance at 2320–2340, establish short positions in line with the major bearish trend.

✅ Contrarian short-term longs (for testing only)
Pullback to 2200–2220, a strong support zone, can attempt small positions to catch oversold rebounds, strictly control position size, and avoid stubbornly fighting the trend.

Key Resistance Levels

1. Short-term first resistance: around 2300

2. Core resistance zone: around 2320

3. Strong resistance area: around 2340

4. Bullish critical dividing line: around 2400

Key Support Levels

1. Short-term first support: around 2260

2. Short-term defensive platform: around 2250

3. Mid-term strong support: around 2220

4. Deep defensive low: around 2200

Follow the trend rhythm closely and grasp high-probability market opportunities.
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