ETH Market Analysis April 29

On the daily chart, the price has fallen sharply, giving back some of yesterday's rising advantages. Of course, the price has not fallen further, so the overall market is still better. The overall trend is still bearish, and the support below continues to focus on the vicinity of 3150. It is still fluctuating in the 3200 range. Although the price fell below the middle track line in the 4-hour short-term, there was no further decline. The current pressure level has moved to around 3275. After breaking through, the price is expected to increase the bullish strength. The support below focuses on the vicinity of 3150. In the 1-hour chart, the price has a certain rebound after touching the bottom support near 3160. If the price cannot stand firmly at 3200 smoothly, there is a possibility of testing the bottom support again.

Short-term trend:

If the short-term price cannot stand above the 3200 range with large volume, the price is likely to pull back to further test the support level!

Continue to pay attention to:

Short-term pressure level: 3275-3355

Short-term support level: 3180-3110

Heavy support level: 2980-3065