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Hong Kong, April 24th, 12:34 PM, ETH Market Analysis
Long-term trend (daily level): Bearish dominance
Mid-term trend (4H level): Bearish but with signs of recovery
Short-term trend (1H level): Bottoming and consolidating
Three timeframes: Daily trend is bearish, 4H is bearish but recovering, 1H is gently bottoming out, mainly focusing on rebounds and high short positions, be cautious with light long positions, avoid chasing shorts.
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Reference Bearish
2337—2357 (Follow the trend, prioritize trading in this range)
↕
Reference Bullish
2282—2260 (Counter trend, trade lightly)
ETH Resistance Levels
First resistance: around 2337
Second resistance: around 2357
Third resistance: around 2387
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ETH Support Levels
First support: around 2282
Second support: around 2260
Third support: around 2250
Fourth support: around 2218
$ETH