Hong Kong April 30th, 12:11 PM, ETH Market Analysis



Long-term cycle (weekly/daily): Bearish momentum is strong, no bottom formation has appeared; Wm% and volume confirm.
Mid-term cycle (4 hours): Consolidating slightly bearish, waiting for direction confirmation.
Short-term cycle (1 hour): Oversold rebound, may bounce first then fall.
The three cycles are not resonating, only supporting a 4H level rebound to defend against shorting.
Main direction leans bearish, but downward elasticity and structured rebound after oversold conditions must be considered simultaneously.

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Reference Short
2300———2320 (Follow the trend)



Reference Long
2220———2200 (Against the trend)

ETH Resistance Levels

First resistance: around 2280

Second resistance: around 2300

Third resistance: around 2320

Fourth resistance: around 2350



ETH Support Levels

First support: around 2220

Second support: around 2200

Third support: around 2180

Fourth support: around 2150

$ETH
ETH-3.25%
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MantaIsTryingToGetRichQuick.
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Aqing
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PresidentOfTheUnitedStates
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PresidentOfTheUnitedStates
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