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Hong Kong, April 16th, 8:14 AM, ETH Market Analysis
The long-term trend is upward, the medium-term is bullish, and the short-term is slightly strong. This is the best stage in trend trading to hold and wait for a pullback to add positions. Strictly avoid chasing high at resistance levels, be patient and wait for a pullback confirmation before entering.
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Reference Sell: 2404—2440 (light position trading)
Reference Buy: 2296—2266 (priority trading)
ETH Resistance Levels Above
First resistance: around 2389 (58% chance of breakthrough)
Second resistance: around 2404 (50% chance of breakthrough)
Third resistance: around 2440 (35% chance of breakthrough)
Fourth resistance: around 2455 (15% chance of breakthrough)
ETH Support Levels Below
First support: around 2346 (35% chance of falling below)
Second support: around 2296 (25% chance of falling below)
Third support: around 2266 (15% chance of falling below)
Fourth support: around 2208 (8% chance of falling below)
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