2024.4.16 #ETH Market Analysis

Chart situation: (H1 chart)

1) ETH rebounded and tested H1 bearish OB and then rejected. It is still in a downward trend. Pay attention to the test of H1 bullish OB below. You must wait for accumulation before buying. You must wait for accumulation before buying here, because it is a downward trend and it is easy to plunder low points.

2) After testing H1 bearish OB, the structure is broken, and the internal decline structure continues.

Trading recommendation:

1) Pay attention to the opportunity to buy after stepping back to H1 bullish OB 2900. It is easy to hunt here and cannot place orders.

PS: This article is only a personal opinion and is not an investment advice. Please bear your own profits and losses.

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