4.22 Evening Market Overview: $ETH is eye-catching

ETH is making a strong move; when it's weak, it's weaker than anyone else, but when it gains strength, it can rival Bitcoin; last night, short positions were stopped out defensively. I believe many people shorting ETH were stopped out defensively, and getting stopped out when setting up a position is quite normal. Holding onto positions has always been something I personally do not advocate, although sometimes it can work out, what if it doesn't? Unless you have an infinite supply of joy beans and are continually adding to your position

Actually, I mentioned in the post the day before yesterday that if ETH breaks above 1684, it will reach 1759 directly, because previously it dropped down with a vertical bearish candle; as long as it holds above 1654, it is indeed a vacuum zone. Perhaps I was very tired last night and didn't think much. I just continued to consolidate around 1654 and decided to place a short position to sleep, but ended up getting stopped out defensively.

Now looking at Ethereum, the resistance above is around 1820, and the trend line resonance point is at 1850. Positions should be set up around these two levels for shorts; 1776.94 is a previous support level, and looking at today, the two 4H pullbacks both stopped falling here, which indicates there is demand for support. We can wait for the right side to pull back here again without breaking, and enter long positions, defending at 1759, with a target around 1815 and 1850; conversely, if it pulls back and breaks without a retracement, then we can enter short positions, defending at 1799.46, with targets at 1684 and 1654, which are currently around the 0.618 range.