ETH Market Analysis is here!

Last week (4.20-4.24), Ethereum ETFs saw a net inflow of about $155 million, continuing positive inflows for several weeks. On April 22nd, a single-day inflow nearly reached $100 million, setting the longest consecutive inflow record since the ETF was launched.

Yesterday, I mentioned that the decline starting from 79.3k satoshis in BTC looks more like a normal correction within the 65k-79.3k range, so I continue to hold my long positions in BTC.

And the structure of ETH is clearer: the decline starting from 2,464.9 has formed a noticeable converging triangle. After the correction ends, there will be a subsequent upward move at the same level as before.

The key resistance above is at $2,533 (green Gann angle line).

If it falls below $2,250, be cautious, as the triangle structure will be broken, and the subsequent correction could expand, possibly triggering a new downward trend. Support at this level is very critical!

Currently, ETH's structure is clearer than BTC's and is worth close attention.​​