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April 11 Afternoon ETH Market Analysis
ETH synchronized with BTC surged then pulled back. After probing the low at 2228.06 in the afternoon, it then oscillated and stabilized. Currently, it is trading around 2234. The selling pressure from the top has weakened, and it has entered a low-range consolidation and repair. On the 15-minute timeframe, the moving averages are still trending downward, but they are flat in the short term; the indicators form a golden cross and point upward, suggesting the short-term top’s exhaustion of momentum. The larger-scale top trend remains unchanged. In the afternoon, consolidation will be the main focus. Watch resistance at 2240-2260 and support at 2210-2225.
ETH trading suggestions: Go long around 2200-2220, with targets at 2245-2260, and risk control below 2190. Short around 2250-2270, with targets at 2210-2225, and risk control above 2280 #原油小幅上涨