April 20 ETH Midday Report



1. Trend Analysis: Falling from the high of 2463, entering a volatile downward phase, bullish momentum weakening, overall a stepwise bearish structure.

2. Technical Signals: Bollinger Bands opening downward, price trading below the middle band, MACD showing a bearish crossover downward, confirming a clear downtrend.

3. Key Price Levels:

◦ Resistance levels: 2350 (short-term), 2380 (structural), 2463 (strong resistance)

◦ Support levels: 2300 (short-term), 2280 (structural), 2250 (critical)

The current market is in a continuation of volatile decline after a high-level pullback, with a clearly bearish short-term structure. If the market continues to face resistance in the 2350–2380 range, it is likely to continue downward; if it breaks below the 2300 support, it may further decline toward 2280 or even 2250; if it re-establishes above 2350, there is a chance for a recovery rebound. #加密市场小幅下跌 #Gate13周年现场直击
ETH-0,5%
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