Ethereum Analysis

Ethereum is currently experiencing a weak rebound under macro bearish pressure and regulatory expectation battles. Technical recovery is lacking, and in the short term, the trend remains mainly volatile and weak, with a core strategy of shorting on rallies.

The Federal Reserve's hawkish stance has cooled expectations of a rate cut in June, with risk-free rates rising from high levels, causing capital to flow into high-yield assets and suppressing Ethereum's valuation; if the core PCE data on 4.30 does not cool down, the negative outlook will persist. The U.S. "Clear Law" enters a key review window from April 21-25, and passing it would be positive for ETH regulation pricing, but current progress is unclear, only adding emotional speculation variables. Coupled with gold and oil falling together, and the Bank of Japan tightening liquidity through rate hikes, Ethereum lacks strong positive support.

On the 1-hour chart, Ethereum faced resistance at 2370, dipped to 2301 after a weak rebound, with small candlestick bodies and weak bullish momentum. The BOLL middle band at 2349.08 forms short-term strong resistance, with prices trading below the middle band and struggling to break through; the KDJ indicator is turning at low levels but with insufficient momentum, and after a rebound, it is likely to weaken again, confirming a weak correction under negative news sentiment.

Trading suggestion: 2370-2400🈳, target 2280-2200.$BTC $ETH