$ETH Mid-level Trend Analysis
This round of Ethereum decline did not break the previous low of 2100. Yesterday, while Bitcoin continued to drop, Ethereum followed up instead of down, indicating that supply has gradually weakened. Coupled with the high position of Ethereum's trapped positions, even a slight demand can lead to an increase.
From a structural perspective, this is a rebound after breaking through the central level. Currently, it is following Bitcoin's decline, but the degree of the drop is controllable. From the overall MACD momentum perspective, this wave of decline is basically over. Subsequently, it will either transition to a low-level consolidation or directly return to the central level for reorganization.
By comparing the two MACD momentum blocks before and after, it can be seen that the momentum of this decline has significantly weakened, forming a divergence. The central level has the same gravitational effect on the entering and exiting segments. Therefore, the end of this decline implies a high probability of returning to the box, with an expected rebound to 2600. Further judgments will be made based on resistance conditions.
Upper resistance 2530 2600
Lower support 2400 2300
In terms of operations
The overall market is unstable; for stability, it is advisable to focus on spot trading. The Prague upgrade in April is still worth anticipating.
For short-term trading, you can enter the market lightly near 2450 for bottom fishing, with risk control below 2400, targeting 2600.
