#ETH 4.15 Thursday Afternoon, Double Bottom (Er Bing) Thoughts and Analysis

Currently, the double bottom breakout is forming a bearish flag pattern. It is retracing to retest the upper boundary of the flag. If the upper boundary holds, it will continue pushing higher. Resistance lies at 2379. A breakout of the previous high at 2379, 2416, and the possibility of making new highs is on the way; if it falls back inside the flag, it will continue to consolidate in a range. If it effectively breaks below the flag, the pullback will target the 2257 area.

Trading suggestions:
Break above 2363 with volume and go long immediately on the right side; place a strict stop-loss on the breakdown.
Break below 2340 with volume and go short immediately on the right side; set a stop-loss properly before entering.
When the pullback to 2305 support is confirmed as effective, you can go long; if it breaks 2265, exit.
Left-side needle (pin) setup: long at 2242; stop-loss if it breaks below 2216.
If the hourly level holds above 2363, the upward targets are 2396-2434.
When it reaches 2434, you can consider reversing to short; if it breaks 2478, exit with a stop-loss.
On the 4-hour level, if it breaks below 2333, look for 2306-2256 on the downside.