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Hong Kong, April 29, at 12:15 PM, ETH market outlook analysis
In line with the current trend structure: long-term bullishness on daily timeframe and above, and a short-term pullback below 4H
The latest data for the Fear and Greed Index is 26 (extreme fear). This often means that the retail crowd is excessively bearish, which becomes a backdrop for major players to set up a target on shorts.
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Reference Short
2348———2381 (Counter-trend)
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Reference Long
2260———2220 (Following trend)
ETH pressure levels
First pressure: around 2320
Second pressure: around 2348
Third pressure: around 2381
Fourth pressure: around 2400
↕
ETH support levels
First support: around 2300
Second support: around 2260
Third support: around 2250
Fourth support: around 2220
$ETH