#ETH 4.9 Thursday night — Ethereum latest market analysis and ideas

In a big move, what you earn is knowledge; in a small move, what you earn is your mindset. Don’t get fixated on every short-term rise or fall, and don’t get carried away by temporary unrealized gains. Every flower has its season, and every coin has its swing; if you hold steadily, your final outcome—what belongs to you—will definitely come. Looking back at the afternoon, Ethereum began to rise from 2174, reaching a high of 2196. After failing to break through the 2200 level again, it must start to fall, and it is currently consolidating in the 2180 area. The afternoon’s long setup didn’t provide an opportunity to enter; even a light short position can also be profitable.

Based on the current chart, Ethereum has not effectively broken down below the 2174 support tonight—only a single wick false breakout occurred. The dip touched precisely the lower edge of the bullish flag, then rebounded quickly and broke through the flag structure. Current short-term resistance is concentrated at the 2200 level, which is also a key neckline on the hourly time frame. On the hourly chart, the highs and lows are gradually stepping down. Only with a breakout above 2200 on increasing volume and a refresh of the highs can the rebound structure continue. On the upside, you can look to 2233 and the previous high; breaking the previous high is what allows for further upside to make new highs. If it can’t hold above 2200, it will most likely continue to trade in a tight range between 2200 and 2174. On the four-hour chart, the upper boundary of the range has been tested twice without success. The upside pressure is clear, but the pullback has also not broken below the range’s middle line at 2144. As long as you pull back to 2144 and hold it, there is still upward momentum. The 1:1 rise target has already been completed. Whether it can push toward the 1.618 extension level requires two conditions: the pullback must not fall below the 2144 middle line of the range, and there must be another breakout above the 1:1 target level and a hold above 2214—both are indispensable. Wait patiently for confirmation of the signal.

4.9 Thursday night
Ethereum:
Breakout above 2193 with increased volume; follow up with long positions on the right side
Breakdown below 2170 with increased volume; follow up with short positions on the right side
Hourly level holds above 2193; on the upside, look at 2225–2252
Four-hour level breaks below 2178; on the downside, look at 2127–2086