📣2/4 Ethereum Trend Detailed Analysis and Trading Strategy (See below for 2000!)



Ethereum is clearly in a bearish dominance on the 4-hour chart, with prices weakly oscillating between 2150-2250. Moving averages are arranged in a bearish pattern, MACD continues below the zero line, volume is low, and rebounds are very weak. The short-term trend is unlikely to change to the upside, so the priority is to short on rebounds.

Currently around 2144, the 4-hour candlestick shows a "decline without support" followed by weak oscillation at low levels, with rebounds not exceeding 1/5 of the previous bearish candle body. Bearish selling pressure dominates. Moving average system: EMA50/120 are in a bearish arrangement, with prices staying below all moving averages, showing no effective breakout and clear resistance to rebounds. MACD: green bars below zero continue, DIF and DEA diverge at low levels, bearish momentum not fully released, no obvious bullish divergence. RSI: 14-period RSI is in the extreme oversold zone of 25-30, but no rebound signals, and downward momentum still prevails. Volume: at low levels during oscillation, volume is sluggish, with no signs of bottom-fishing funds entering, and rebounds lack volume support.

Support levels: 2100 (intraday key support/resistance), 2070-2090 (short-term dense trading zone), 2000 (psychological level).

Resistance levels: 2250-2300 (near 4-hour rebound high / bearish defense), 2350-2400 (strong resistance from supply and demand swap), 2430 (medium-term bull-bear dividing line).

Trading suggestions:

Break below for shorting, entry zone: 2150-2170, target zones: 2100-2060-2000.

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