4.9 Thursday Noon Market Analysis

In terms of news, yesterday it was just announced that a ceasefire has been reached, and today Israel has increased its attacks on Lebanon. Iranian analysts have clearly warned: Israel is trying to sabotage the ceasefire. If they don’t stop, fighting in the region could flare up again at any time. The ceasefire has only been one day, yet it already shows cracks—yesterday the market was celebrating wildly, and today it’s about to be doused with cold water. Once the situation escalates again, risk assets will be hit first; the ceasefire agreement is hanging by a thread, and panic can return at any moment.
Technically, for the 1-hour chart, ETH’s current price is 2180, and it has already broken below a key level. The MACD death cross is wide open, and bearish momentum is still being amplified. The most important point is: during the pullback process, volume is shrinking. This is not a correction—it’s a continuation of the decline, indicating there’s no buying demand to catch the dip. The RSI has entered oversold in the short term, but oversold doesn’t necessarily mean a rebound; it can continue to be oversold. The resistance level is 2230, support is 2110, and below that is 2000.
BTC Trading Suggestion: Short around 71500, take profit 70500-68500, stop loss 72000
ETH Trading Suggestion: Short around 2200, take profit 2130-2080, stop loss 2240$BTC