4.30 Ethereum Morning Analysis $BTC $ETH $DOGE

The four-hour chart clearly shows a classic bearish trap pattern, with a decline that is purely a false breakout to shake out traders. The drop was a false move to trap buyers and wash out short-term traders, with support at lower levels being reinforced. The bulls' reversal energy has been fully accumulated, and a strong rebound could start at any time!

Yesterday, Ethereum's price faced resistance at the high of 2346 and fell back quickly, with a rapid retracement during the session, touching as low as 2218. The chart initially appeared to be a fierce bearish crush and downward momentum, but in reality, it was a textbook deep false breakout washout pattern.

After touching the key support at 2220, the price immediately stopped falling, reversed, and quickly rebounded with oscillations, fully confirming that this level has strong support, and the downside space is completely closed off. This rapid sharp decline followed by a slow bottoming and rebound pattern is a classic tactic by the main traders to deliberately smash the market to clear panic-driven short-term positions and trap short sellers. The bearish momentum has been exhausted and is bottoming out.

Trading Suggestions
Buy in batches around 2240-2260, targeting 2300-2350. If broken through, continue to look toward 2400.