April 4th early morning ETH short-term analysis



ETH one-hour chart shows the short-term bullish pattern remains unchanged, with the price staying above all moving averages, which are arranged in a bullish order, indicating a generally strong trend.

Currently approaching the intra-day high pressure zone, bullish momentum is beginning to slow down, MACD red bars are shrinking, increasing the risk of chasing highs, with an average risk-reward ratio.

Key support below is around 2326, strong support at 2316; resistance above is at 2343, and only after breaking through that can we look at 2350–2360. It is not recommended to chase longs at the current price; prioritize waiting for a pullback to 2326–2330 for low buy-in.

Consider short positions only if the price effectively breaks below 2326; do not short against the trend before support is broken.

Currently, the trend is a sideways oscillation leaning upward, keep positions low, avoid high leverage chasing the rally, wait for a more stable pullback.
ETH-0.3%
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