📊April 29 14:17 Ethereum: Afternoon rebound with decreasing volume, unable to break through, heavy trapped positions above, every rebound is an opportunity for bears to exit.

One-hour technical analysis indicates a bearish trend.
(For reference only)
(Current price can be entered directly)

Current price: 2330 (Ethereum)

• Daily chart: Mid-term bullish (moving averages are bullish), weekly MACD shows a golden cross (bullish)

• 4-hour chart: Volatile and bearish, short-term moving average death cross, rebound faces resistance

• 1-hour chart: Volatile, rapid switch between bulls and bears, short-term golden cross prone to reversal

1. Short contract (enter around 2335)

• Entry: 2330–2335 directly short; on rebound at 2345–2350 add to short positions (more secure)

• Stop loss: 2360 (golden cross upper boundary + key resistance, exit if broken)

• Take profit 1: 2300–2290 (short-term support, reduce position by 50%)

• Take profit 2: 2270–2260 (strong support, close all positions)

2. Contradictions and responses to the golden cross

• Golden cross (bullish) ≠ immediate surge: current is a correction during an upward volatile trend; after a golden cross, prices often surge first then fall back, providing a shorting opportunity.

• Principles for contrarian short positions:

1. Only trade 1–2 hour short-term positions, no overnight holds
2. Position size ≤ 20%, single trade loss ≤ 1% of total funds
3. After reaching take profit 1, move stop loss to entry price (break-even)

3. Key price levels quick notes

• Strong resistance: 2360, 2400

• Current price: 2335 (short zone)

• Support: 2300, 2270, 2250

4. Risk reminder

• If volume increases and price stabilizes above 2360, confirming the golden cross is valid, exit short positions to stop loss, switch to watching or light long positions. #ETH