#特朗普暂停新关税 4.26 Weekend Market Overview: ETH Takes Advantage to Surge
While everyone is preparing to rest or go out with family and kids during the weekend, ETH took the opportunity to surge significantly, catching the bears off guard, and also completing the right shoulder lift of the W-bottom double bottom pattern.
The bullish structure of ETH remains unchanged, with 1800 being a strong support and also a point of support-resistance switch. If it consolidates or retraces without breaking below this level, it still looks bullish. However, the conditions for placing trades are not mature. The resistance above at the 1815-1820 range has significant selling pressure, and around 1830, the trend line restricts profit space; only if it continues to retrace to the daily support near 1776 can one enter long positions, waiting for a pullback to enter on the right side; for high shorts, ambush at 1825 for additional positions at 1850, with a stop-loss at 1872 and a target near 1800.
Yesterday, ETH spot ETF had a net inflow of 58,850 units, with both BlackRock and Fidelity seeing large inflows; 24H total liquidations across the network reached 271 million USD, with long positions at 94 million and short positions at 176 million, with a major explosion in long positions.
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