Hong Kong, April 11, 20:23, ETH current market analysis

The major cycle reversal is in confirmation, the medium cycle is in a primary uptrend, and the short cycle is severely overbought. This is the most ideal pullback-buying opportunity in trend trading. Under no circumstances chase the price higher; patiently waiting for a pullback is the only correct strategy.

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Reference Short: 2282 ——— 2304 (try with a small position)

Reference Long: 2204 ——— 2176 (do it with priority)

ETH resistance levels above

First resistance: around 2262 (42% chance of breaking through)

Second resistance: around 2282 (55% chance of breaking through)

Third resistance: around 2304 (35% chance of breaking through)

Fourth resistance: around 2349 (20% chance of breaking through)

ETH support levels below

First support: around 2231 (58% chance of falling below)

Second support: around 2216 (65% chance of falling below)

Third support: around 2204 (55% chance of falling below)

Fourth support: around 2176 (35% chance of falling below)

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