$ETH #Gate广场四月发帖挑战 Today (April 14th), Ethereum's direct breakthrough and stabilization above 2400 is less likely, with a higher probability of encountering resistance and oscillating in the 2350–2390 range.

Market status: Obstructed at the final step
- Price suppression: This morning, it briefly surged to around 2395 before quickly falling back, currently hovering around 2370. 2400 is not only an integer threshold but also a dense trapped zone since March, with heavy selling pressure.
- Overbought indicators: The 15-minute RSI has entered the extreme overbought zone (J value over 110), and the hourly MACD shows signs of a death cross, indicating a short-term need for a pullback to digest profit-taking, as a direct push could easily cause a "slip."
Breakthrough conditions: Lack of volume support
- Heavy resistance: The 2275–2350 zone is the current "sell wall" area, requiring massive buying volume to break through. Currently, there is no sudden major positive news like "ETF approval" to provide such explosive power.
- Oscillation buildup: The more likely scenario is "grinding." First, a retest of support around 2280–2300, and if it holds, then a gradual upward move. A direct skyrocket today is very unlikely.
Key monitoring signals
- Breakthrough signal: Watch whether the 1-hour close can stabilize above 2390, with significantly increased trading volume.
- Risk signal: If it falls below 2280, it indicates the upward attempt has failed, and a retest of around 2200 is expected.
This article does not constitute investment advice. In the short term, the market is greatly influenced by Middle East developments and sentiment; do not blindly chase highs.