Hong Kong, April 8th, at 12:26 PM, ETH support and resistance levels


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Weekly chart: Slightly bullish (confirmation phase), bottom reversal structure, MACD golden cross brewing, resonance leaning bullish
Daily chart: Bullish (strong trend), MACD DIF has crossed above zero, moving averages in a bullish alignment, resonance leaning bullish
4-hour chart: Extremely bullish, overbought conditions severe, short-term pullback pressure
All three cyclesโ€”large, medium, and smallโ€”point to a bullish direction, forming a strong resonance. However, the 4-hour technical indicators are seriously overbought, indicating significant short-term pullback risk. This is a structure of "riding the trend and defending against small trend pullbacks." If you chase the high directly at the current position, there is a short-term risk of a pullback. But if a healthy correction occurs down to the support zone, it presents a high-quality opportunity to add positions in line with the trend.
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Reference for short positions: around 2303
Reference for long positions: around 2163
ETH Resistance Levels Above
First resistance: around 2282 (54% breakout probability)
Second resistance: around 2303 (31% breakout probability)
Third resistance: around 2323 (12% breakout probability)
Fourth resistance: around 2353 (8% breakout probability)
ETH Support Levels Below
First support: around 2198 (18% breakdown probability)
Second support: around 2163 (6% breakdown probability)
Third support: around 2108 (2% breakdown probability)
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