$ETH Good job👍

Holding the $2,258 support level under 4-hour pressure

Still need to be cautious of news impacts on the market
The Federal Reserve's April FOMC meeting will announce the interest rate decision tomorrow at 2 a.m., with Powell holding a press conference at 2:30 a.m.

Key levels: ETH is at $2,273; support levels are $2,258/$2,270, resistance levels are $2,288/$2,310. Price is consolidating between the 1-hour Bollinger Band lower band and middle band.
Buy signal: Enter near $2,258-$2,265 (4-hour oversold) and near $2,270 (1-hour retest), confirmed by volume-supported rebound.
Sell signal: Reduce positions around $2,288-$2,295 (1-hour EMA cluster) and $2,310-$2,317 (4-hour MA25 supply zone); watch for failed breakouts.
ETH is currently trading at $2,273, in a consolidation zone between the 1-hour Bollinger Band lower band ($2,270) and middle band ($2,288), waiting for a breakout.
Conflicting signals across multiple timeframes: 1-hour shows a rebound with lower highs starting from $2,258, while the 4-hour remains in a downtrend, below the MA25 supply line at $2,317.
Trigger conditions: If the close is above $2,295, confirm a short-term reversal; if it falls below $2,258, the rebound is invalid, with targets around the $2,240-$2,250 support zone.
Bullish sentiment worsening: The long-short ratio has dropped 18.3% from its peak, with 78% of long positions currently at a floating loss near entry at $2,397.
High-end traders are increasing their holdings against the trend (net buy of $2.41 million), but broader whale activity tends to reduce long exposure.
Risks: If $2,320 is broken, a liquidation chain reaction may occur, but spot structure still depends on maintaining the $2,258 support.
Short-term: Go long within the $2,258-$2,265 range, with a stop-loss below $2,255; target the resistance at $2,288 for quick profit-taking.
Medium-term: Wait for confirmation of closing above $2,295 before adding positions; otherwise, reduce holdings on rallies, avoiding chasing the supply zone at $2,310-$2,317.
Long-term: Gradually build positions via Simple Earn when the price drops below $2,270; also monitor the 4-hour MA25 retest to confirm an upcoming trend reversal. $ETH