4.18 ETH Short-term Review and Today's Trading Ideas

Based on last night's ETH rally to 2464 and the subsequent sideways consolidation after the open today, let's analyze the logic behind this wave of market movement and the upcoming trading strategies.

1. Market Review from Last Night to Today

Rally followed by pullback, high-level sideways

Last night, stimulated by positive news, ETH briefly surged to a new high of 2464, then quickly retreated. After the open today, the price has been trading narrowly between 2400-2424, with a volatility of only 0.08%, typical of “sharp rise followed by high-level consolidation with reduced volume.”

Technical signals

Moving Averages: Price broke below the short-term moving average, which has turned downward. Resistance is around 2420-2430, support at 2397-2400.

Indicators: KDJ/RSI indicators have retreated from high levels and are now in a neutral to slightly lower zone. Bullish momentum is clearly weakening, with no obvious rebound signals.

Volume: During the sideways phase, trading volume continues to shrink, indicating insufficient buying interest at higher levels, and selling pressure at the top has already appeared.

2. Entry Points, Position Management, and Exit Suggestions for Today

1. Market Direction: Short-term sideways with a bias toward bearishness; prefer shorting on rebounds

The sideways consolidation after the rally is not a sign of strong momentum but rather a weak correction after exhausted bullish forces. The probability of a breakout upward is much lower than a downward retest, so prioritize shorting on rebounds.

2. Specific Trading Plan

Trading Direction

↓

Priority: Short on rebound → Entry zone → 2415-2425

Position Management → Do not exceed 3% of total capital per trade, enter in batches

Stop Loss → Above 2435 (if price breaks above last night’s high point, abandon short positions)

Take Profit → First target: near 2400; second target: 2390-2395

Support: Retest low for long entries → Entry zone → 2395-2400 (must see volume decline signals)

Position Management → Do not exceed 2% of total capital per trade, try light long positions

Stop Loss → Below 2385 (if price drops below intraday low, exit)

Take Profit → First target: near 2415, exit quickly when resistance is met

3. Is today’s market suitable for entry or better to wait and watch?

Conclusion: Sideways market, avoid chasing trades and heavy positions; prefer light trades or waiting

Favorable factors: Positive news has not been fully digested; the larger bullish trend remains intact; support at 2397-2400 is still valid; extreme one-sided decline is unlikely.

Unfavorable factors: High-level sideways with shrinking volume; upward breakout momentum is weak; downward retest risk is higher; current amplitude is very small, making trading less cost-effective.

Personal advice, for reference only:

Conservative: Wait and watch, look for volume breakout above 2430 or breakdown below 2390 before entering, to avoid being shaken out in narrow ranges.

Aggressive: Only try short positions lightly in the 2415-2425 rebound zone, set tight stops, avoid overtrading, and take partial profits near 2400 without greed.