Hong Kong, April 21,, 8:21 PM, ETH Market Analysis



Main trend direction (weekly + daily): Still generally bearish in the long term, mid-term bottoming and recovery ongoing

Current three-cycle trend is not fully resonant, weekly chart leans bearish but bottoming and recovery in progress, daily chart is neutral leaning bearish, 4-hour rebound and recovery, main trend direction (following the overall trend) is bearish, but short-term rebound and recovery are in progress. Do not blindly chase short positions.

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Reference Short
2353———2399 (Follow the trend, prioritize trading)

Reference Long
2356———2235 (Against the trend, trade with light positions)

ETH Resistance Levels

First resistance: around 2331

Second resistance: around 2353

Third resistance: around 2399

Fourth resistance: around 2427



ETH Support Levels

First support: around 2277

Second support: around 2256

Third support: around 2235

Fourth support: around 2197


$ETH
ETH-0,32%
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PresidentOfTheUnitedStates
· 10h ago
Pin
Long position reference 2256----2235
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SnailKnight
· 6h ago
Go all-in 🤑
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XiangbaoHahaha
· 9h ago
Hop in the car!🚗
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LoveStud_sPixiu
· 9h ago
Drop a bit more 😂
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LovingMayor
· 9h ago
Steadfast HODL💎
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Source6149
· 9h ago
Just charge and you're done 👊
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AfterLosingEverythingInCrypto,
· 10h ago
Enter the market at the bottom 😎
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PlayingContractsAgain,IAmJust
· 10h ago
Hop in the car!🚗
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wangle
· 10h ago
Get in quickly!🚗
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notes
· 10h ago
Steadfast HODL💎
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