April 3rd ETH Midnight Forecast and Analysis


ETH moves in sync with BTC, forming a V-shaped reversal. The intraday low was 2015.41, and the high reached 2071.09. The current quote is 2055.43. The rebound amplitude is highly correlated with BTC, showing strong linkage. Currently, it is in a high-level consolidation phase after the rebound.

- Key Support Levels: First support at 2040 (lower boundary of intraday oscillation center), strong support at 2020 (the starting point of this rebound, a break below would invalidate the rebound), extreme support at 2000 (the lowest point of this V-shaped reversal, a strong defensive level)
- Key Resistance Levels: First resistance at 2070 (intraday high), second resistance at 2080 (extended previous high), extreme resistance at 2100 (breakthrough target of this rebound)
- Trend Judgment: In the short term, follow BTC’s bullish momentum. The rebound has sufficient energy, but profit-taking at high levels is expected. Expect wide-range oscillation overnight.

ETH Midnight Trading Strategy
- Long Position Strategy: Buy in stages around the 2020-2030 zone, with a stop loss at 2000. Target 2065-2070, and if broken, look for 2080-2100.
- Short Position Strategy: Short in stages around the 2065-2075 zone, with a stop loss at 2090. Target 2020-2010, and if broken, look for 2000-1995.
BTC-2,38%
ETH-4,54%
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