April 11 Bie Bing Market Analysis



Latest price:
2,246, 24-hour increase +2.74%
24-hour fluctuation range: 2,175 - 2,257
Market trading activity is currently at a medium-to-slightly-above-average level.

Moving Average Analysis
The short-term MA7 and the medium-term MA25 are almost stuck together. The latest price of 2,246.53 is above the double moving averages, indicating that short-term bullish momentum still holds the advantage, and the short-term trend is relatively strong.

Support Level Analysis

Strong resistance level: 2,257.55 USDT (24-hour high; the resistance level from the earlier high-volume surge, which is the core target level for short-term bulls)
Secondary resistance level: 2,260 USDT (the integer level + prior high extension level; once broken through, it will open up a new round of upside room)
Strong support level: 2,230 USDT (the MA7/MA25 convergence point + the lower boundary of the recent consolidation platform; the dividing line between short-term bulls and bears)
Secondary support level: 2,220 USDT (the MA99 long-term moving average; the core defense level for the medium-term trend—if it breaks, the trend will weaken)

Trading Suggestions
Buy on a pullback to 2,230-2,235
First target: 2,257
Second target: 2,2755$ETH
ETH2.41%
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Jimmychen
· 4h ago
The consolidation of ETH these past two days has already proven the strong return of the bulls, continuously hitting new highs. The sideways movement and pullbacks are all traps for short-sellers; seize the opportunity to buy on dips and hold your mobile chips.
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