Hong Kong, April 16th, 8:10 PM, ETH Market Analysis

The long-term cycle is upward, the medium-term cycle is weakening, and the short-term cycle is slightly bearish. The current best strategy is to observe mainly. If the price retraces to the key support zone, you can buy in batches at low levels. If the rebound is blocked at the resistance zone, try shorting with a light position.

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Reference for short: 2389—2411 (light position trading)

Reference for long: 2296—2270 (priority trading)

ETH Resistance Levels Above

First resistance: around 2389 (42% chance of breakthrough)

Second resistance: around 2411 (35% chance of breakthrough)

Third resistance: around 2440 (25% chance of breakthrough)

Fourth resistance: around 2455 (15% chance of breakthrough)

ETH Support Levels Below

First support: around 2314 (58% chance of breakdown)

Second support: around 2296 (55% chance of breakdown)

Third support: around 2270 (40% chance of breakdown)

Fourth support: around 2208 (25% chance of breakdown)

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