$ETH 4/23 Morning Analysis of the Two-Week Chart

✅Short-term attempt to short: You can enter in batches within the 2350-2360 range, with stop-loss placed above 2375, the first target at 2330, the second target at 2310, mainly facing resistance during rebounds for short positions.
✅Low-buy opportunity: If the pullback reaches the key support at 2310-2320 without breaking, you can participate with a small position, with stop-loss below 2300, and rebound targets at 2340-2350.

Technical Logic
4 Hours
1. Bollinger Bands and Trend: The Bollinger Bands are widening continuously, with the middle band moving upward. The large-scale bullish channel remains intact. The price has pulled back from near the upper band, which is a technical correction during an upward trend, not yet damaging the overall upward structure.
2. Indicator Status:
MACD: The green bars are shrinking continuously, DIF and DEA still maintain a golden cross, but the upward slope is slowing, indicating that bullish momentum is clearly weakening, with a risk of a dead cross reversal.
RSI: RSI1(38.07) has fallen from a high level, indicating overbought pressure is easing, entering a neutral to weak zone.
KDJ: K line at 62.94, D line at 70.84, a dead cross at a high level confirms a correction signal.
1 Hour
1. Channel and Structure: The price has broken below the 1-hour middle and lower Bollinger Band, currently trading below the lower band. The Bollinger Bands are expanding downward, indicating the complete end of the unilateral upward trend and entry into a clear downward channel.
2. Indicator Signals:
MACD: DIF has crossed below DEA to form a dead cross, with red bars continuing to enlarge, significantly strengthening the bearish momentum, confirming a downtrend.
RSI: RSI1(15.02) quickly fell into the oversold zone, dominated by bearish strength, with very weak rebound potential.
KDJ: K line at 21.25, D line at 28.20, after the dead cross, it continues downward, operating at a low weak level.
3. Key Support/Resistance:
Resistance: Middle Bollinger Band at 2387.57, previous breakout level at 2380
Support: Lower Bollinger Band at 2349.69, previous low at 2330
15 Minutes
1. Pattern and Indicators: The price continues to fall along the downward trendline, with Bollinger Bands expanding downward. After the dead cross, red bars keep enlarging, fully confirming the short-term bearish trend, with rebounds facing resistance.
2. Momentum Changes: Volume increases in sync with the price decline, with sufficient downward momentum. The technical correction has evolved into a trend decline, with no obvious signs of stabilization.
3. Key Support/Resistance:
Resistance: Middle Bollinger Band at 2361.59, previous platform at 2360
Support: Lower Bollinger Band at 2329.28, previous low at 2311.41
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