Regarding ETH's intraday short-term movement on the morning of April 7th, the market generally shows signs of a pullback after a rally, shifting from bullish to bearish. Multiple analyses agree that after a brief upward surge earlier, the bullish momentum is currently insufficient, and a correction is likely in the short term.

📊 Key technical levels

Based on the market pattern around 7:55 AM, the current setup is as follows:

· Main trend: Volatile with a slight downward bias, favoring short positions. After a quick rise overnight, prices quickly retreated, indicating a clear short-term correction signal.
· First resistance: 2150 - 2160 (Hourly Bollinger middle band and previous support/resistance turn points).
· Strong resistance: 2186 (4-hour high resistance zone, liquidation area for bears).
· First support: 2090-2088 (Hourly breakout point and integer level).
· Critical support: 2050 - 2060 (If broken, the intraday trend is likely to continue down to 2025 or 1997).

📈 Specific trading ideas (for reference only)

Based on the above market pattern, there are mainly two short-term strategies:

1. Rebound and short (main approach): If the price rebounds to around 2150-2160 and encounters resistance, consider a light short position. Target the 2105-2130 range, with risk control above 2180.
2. Low buy at key levels (secondary approach): If the price quickly falls to around 2050-2058 and shows signs of stabilization, consider a short-term rebound play. Target 2100-2120, with risk control below 2037.
Alternate support levels: 2018 and 1998.

Short-term market changes rapidly, and the larger cycle remains in a wide-range consolidation. Please pay attention to position sizing and strictly set stop-losses.