4.23 Afternoon Market ETH Hidden Danger! Bullish momentum weakening, rebound or further surge?

　　
　　ETH current price 2351, seems to be following BTC's strong rebound, but in reality, the northbound momentum is already at its end! Many people are shouting that a breakthrough of 2500 is imminent, but the technical signals have long indicated a pullback!
　　From the 2-hour chart perspective, ETH still maintains an overall upward channel, with the price consistently staying above all EMA lines. The moving averages are arranged upward, providing multiple supports for the price, and the medium-term rebound trend has not fundamentally changed.
　　However, the MACD indicator shows the red bars continuously shortening, DIF and DEA are tightly aligned at high levels, indicating that the northbound momentum is clearly weakening, and the risk of divergence is accumulating.
　　The upper band of the Bollinger Bands is flattening, and the price repeatedly tests along the track, indicating increasing selling pressure above. The probability of a short-term pullback to the midline at 2320 has significantly increased, and the risk of chasing high is very high.
　　
　　The 30-minute signal shows that the short-term northbound rhythm has been disrupted. After the price broke below the EMA15 line, the short-term support turned into resistance, with the EMA30 line becoming the key defense level for the current price.
　　The MACD indicator has formed a death cross, with green bars expanding, and the downward momentum is starting to dominate, clearly signaling a pullback. The Bollinger Bands have shifted from expansion to contraction, and after the price broke below the middle band, it entered a weak zone.
　　The oscillation range narrowed to 2330-2370, with a clear sign of consolidation after divergence in the upward trend, making short-term downward operations more favorable.
　　
　　Latest North-South Reference:
　　
　　Above 2365-2375, go south, stop-loss at 2392, target 2335-2315
　　
　　Below 2315-2330, go north, stop-loss at 2298, target 2360-2390
　　
　　Currently, ETH is a typical example of following the rally but not resisting the fall. When it rises, it follows the trend to surge; when it falls, it drops faster than anyone else. Sideways movement at high levels is just draining northbound momentum. Chasing longs now can easily get caught at the top as a bagholder.
　　Regardless of bullish or bearish, stop-loss must be in place. Don’t hold positions blindly. Once BTC pulls back, ETH won’t be able to withstand it! #比特币反弹