ETH Market Analysis

2026/5/3
Valid for four hours
12-16 Jingxing

Main Path

2218 support → Consolidation and upward movement → Rally near 2325
→ Encounter resistance at high → Rapid pullback
→ Currently trading sideways around 2300

Essential Structure:
Rebound → Pressure → Pullback → Re-accumulation

Secondary Path

If it holds above 2300
→ Sideways strengthening
→ Re-test 2320-2330

If it breaks below 2290
→ Failure to hold support
→ Drop to 2270-2260

Support Levels

2300 (current support)
2290 (short-term key)
2265 (break below weakens)

Resistance Levels

2315 (short-term resistance)
2325 (previous high resistance)
2340 (breakout continuation level)

Alternative Path
Upward:

Break through 2325 with volume
→ Confirm secondary rally
→ Target 2340-2360

Downward:

Break below 2290
→ Sideways breakdown
→ Drop to 2260

Current:
Failed to push higher + re-accumulation structure

Only:
Light positions + range-bound strategy

Rhythm Summary

Rebound → Push high → Pullback → Sideways → Wait for direction

Technical Structural Features
15m:

After high push and pullback, sideways trading
K-line bodies shrinking
→ Bulls and bears beginning to balance

MACD:

Dead cross at high level then stabilizes
→ A round of bearish momentum released, but not sustained

RSI:

Oscillates around 50
→ No clear trend

1H:

Rebound structure still intact
But continuous upper shadows above
→ Selling pressure evident

Conclusion

This is not a trending market

It is a typical

“Failed high push → Re-choose direction” phase