ETH Market Analysis

2026/4/30
Valid for four hours
20-24 Jingxing

Main Path

2346 high point → one-way decline
→ 2218 stops the fall → weak rebound
→ current rebound rises to around 2260 and meets resistance

Current Structure:
Decline → Stop the fall → Weak rebound → sideways compression

Side Path

If volume breaks through 2265
→ rebound continues → look for 2285-2300

If pressure continues and it falls again
→ retest 2240 / 2220

Support Levels

2250 (current support)
2240 (short-term support)
2220 (key support)

Resistance Levels

2265 (current resistance/pressure)
2285 (rebound pressure)
2300 (strong resistance/pressure)

Alternative Path
Upward:

Break through 2265 and hold steady
→ short-term turns stronger
→ rebound room opens

Downward:

Break below 2240
→ rebound fails
→ return to the bearish rhythm

Currently in the rebound phase (not a reversal)
→ bearish bias dominates
→ long positions only for short-term trades

Rhythm Summary

Decline → stop the fall → rebound → sideways → wait for direction

Technical Structural Features
15m:

Consolidates with higher highs but no breakout
High points are clearly under pressure
→ rebound structure

MACD:

Staying near the zero line
Histogram shortens
→ insufficient momentum

RSI:

Hovers around 50
→ bulls and bears balanced but slightly weaker

1H:

Still in a downtrend
Rebound lacks volume
→ overhead pressure remains

Conclusion

Now is not an uptrend
It’s a repair/adjustment phase after the decline