April 9th, 16:26 Hong Kong Time



ETH Support and Resistance Levels

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Reference Short: around 2256

Reference Long: around 2068

ETH Resistance Levels Above

First Resistance: around 2213 (Breakout probability 54%)                   

Second Resistance: around 2253 (Breakout probability 31%)

Third Resistance: around 2269 (Breakout probability 12%)

Fourth Resistance: around 2351 (Breakout probability 8%)

ETH Support Levels Below

First Support: around 2129 (Breakdown probability 18%)                      

Second Support: around 2080 (Breakdown probability 6%)

Third Support: around 2058 (Breakdown probability 2%)    

Weekly Chart: Slightly Bullish (Confirmation Phase) Bottom Reversal Structure, MACD Golden Cross Brewing, Resonating Slightly Bullish
Daily Chart: Slightly Bullish (Strong Trend) MACD DIF has crossed above zero, Moving Averages in Bullish Alignment, Resonating Slightly Bullish
4-Hour Chart: Extremely Bullish, Overbought Conditions Severe, Short-term Pullback Pressure
All three cycles—large, medium, and small—point toward a bullish direction, forming a strong resonance. However, the 4-hour technical indicators are severely overbought, indicating significant short-term pullback risk. This is a structure of riding the trend and defending against minor pullbacks. If you chase the high directly at the current position, there is a short-term risk of a pullback. But if a healthy correction occurs down to the support zone, it presents a good opportunity to add positions in line with the trend.

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$ETH
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BtcTsinghuaAlumniExchange
· 04-09 08:26
Just go for it 👊
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BtcTsinghuaAlumniExchange
· 04-09 08:26
Just go for it 👊
View OriginalReply0
BtcTsinghuaAlumniExchange
· 04-09 08:26
Just go for it 👊
View OriginalReply0
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