April 28 ETH Analysis

From the overall trend of the recent 1-hour candlestick chart, the current trend is unclear. Although there has been a rebound from the bottom, there is pressure from the EMA moving averages above and resistance levels that limit upward movement. If these resistance points are not effectively broken in the short term, it will either continue to consolidate sideways or decline. The overall trend remains bullish, but the recent outlook is bearish, with the main trading direction for the day being: short on the rebound.

Support levels: 1778, 1747

Resistance levels: 1806, 1815, 1846

Place short orders around 1793

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