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#eth 4.14 Daily Market Analysis!!!
Market trend [Easy to have a small rebound, reach a high point, surge high and fall back]
Currently, the daily and weekly trend directions cannot be held onto, neither long nor short. Use proper stop-losses when trading!!
ETH:
Intraday rebound resistance is at 2377-2411, a watershed. The four-hour chart needs to close above this range for a stronger bias; then look for resistance at 2435-2455.
If the rebound does not break through the 2377-2411 range, the lower support is at 2330-2317, which is not critical. The important watershed is at 2286-2252🔴. If it breaks below 2286-2252, it will return to a large-range oscillation‼️❗️ (Summary: standing above 2380-2411 is slightly strong; breaking below 2288-2260 is slightly weak)
In terms of operation, both long and short trades are possible. Refer to support and resistance levels, try to enter small short positions for continuous profits and protection. Watch for a rebound or pullback between 12-4 PM!!
High points: 2388-2415-2435-2455
Low points: 2352-2325-2303 (2288-95). Prepare for 2258 (the low point is just a precaution; it may not be reached. A sudden high point here could trigger a wave of pullback!)
OK, market levels may have some deviation. A few dollars around the level are acceptable.
(Tangtang’s suggestion, for reference only) @everyone