ETH Market Analysis

2026/4/23

Main Path
Failed to break above 2423 → Broke below the midline → Continuous volume-driven decline → Currently entering a weak rebound phase dominated by a bearish trend (technical correction after decline)
Secondary Path
Stop decline around 2330 → Small-scale rebound
If the rebound cannot stabilize above 2360 → Continue the bearish trend
If it reclaims above 2380 → Shift to a sideways correction structure

Support Levels
2330 (short-term support point)
2300 (key support)
2280 (extreme support below)

Resistance Levels
2360 (current resistance)
2380 (midline pressure)
2420-2430 (strong resistance zone near previous high)

Alternative Path
If volume increases on the rebound at 2330 and it stabilizes above 2380
→ Market shifts to a sideways to slightly bullish trend → Opportunity to test 2420 again
If the rebound lacks volume and 2360 remains under pressure
→ Bearish continuation → Further decline to 2300 or lower

Trading Suggestions
Long:
Try a light long position on the rebound between 2330-2340
Stop loss: below 2300
Take profit: 2360 / 2380

Short:
Short on the rebound from 2360-2380 under resistance
Stop loss: above 2420
Take profit: 2330 / 2300
Currently in a correction phase after a decline, not recommended to chase longs, only quick low buys and exits

Rhythm Summary
Current rhythm:
End of rally → High-level consolidation → Volume-driven decline → Technical rebound
Bollinger Bands:
Price breaks below the middle band from the upper band → Moves near the lower band → Clear bearish structure
MACD:
Green bars expand then start to shorten → Bearish momentum weakens but does not reverse
RSI:
Rebounds from low levels → Part of correction, not a reversal
Conclusion
The market has entered a rebound correction phase within a bearish trend
Key points:
If 2360 cannot hold → Continue to look bearish
If 2380 holds → Possible sideways reversal
Short-term core strategy
Prioritize shorting on rebounds, support levels only for short-term longs, not trend longs #WCTC交易赛瓜分800万USDT