April 9 Morning ETH Market Analysis

After opening and rapidly dipping, ETH moved into a weak consolidation and corrective phase. The price is operating under pressure below the short-term moving averages, with persistent insufficient bullish momentum, as the bears dominate the market. On the 15-minute timeframe, ETH shows a MA7 crossing below MA30 dead-cross signal; the Bollinger Bands’ three tracks are opening downward. Volume expands along with the dip; the MACD green bars continue to expand. After RSI is in the oversold range, it rebounds slightly, but the strength of the short-term rebound is limited. The bears’ short-term trend has not been fully reversed. In the morning, the bias is toward consolidation and downward movement. Pay attention to the strength of acceptance at the key support below, and be alert to the risk of a second dip.

ETH Trading Suggestions: Try a light long position around 2160-2175, target 2200-2240, with risk control below 2150; place staggered bear orders around 2210-2230, target 2140-2160, with risk control above 2240. #Gate广场四月发帖挑战