Hong Kong, April 30th, 12:11 PM, ETH Market Analysis


Major Cycle (Weekly/Daily): Bearish momentum is strong, no bottom formation observed; Wm% and volume confirm.
Mid Cycle (4 hours): Consolidating slightly bearish, waiting for direction confirmation.
Minor Cycle (1 hour): Oversold rebound, may bounce first then fall.
The three cycles are not resonating, only support for 4H level rebound and shorting defense.
Main trend is bearish, but downward elasticity and structured rebound after oversold conditions should be considered simultaneously.
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Reference Neutral
2300———2320 (Follow the trend)

Reference Bullish
2220———2200 (Counter trend)
ETH Resistance Levels
First resistance: around 2280
Second resistance: around 2300
Third resistance: around 2320
Fourth resistance: around 2350

ETH Support Levels
First support: around 2220
Second support: around 2200
Third support: around 2180
Fourth support: around 2150

$ETH
ETH0.89%
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