Today’s ETH Market Brief (April 7, 10:50)

• Current Price: $2,116 (24h +1.89%)

• Range: $2,086 – $2,154

• Market Sentiment: Fear & Greed Index 13 (Extreme Fear)

• Key Drivers: Geopolitical easing, BTC influence, whale divergence

Technical Analysis (Short-term)

• Trend: Daily chart remains in a bearish arrangement (all moving averages are under pressure)

• Support Levels

◦ Primary: $2,080–$2,100

◦ Strong Support: $2,000 level

• Resistance Levels

◦ Primary: $2,150–$2,160

◦ Strong Resistance: $2,180

• Indicators

◦ RSI: 30–50, weak zone, rebounded from oversold

◦ MACD: below zero line, bullish momentum weak

◦ 4-hour: Local “Three Red Soldiers + lower band rebound,” but volume decline weakens upward momentum

On-Chain & Capital Flows

• Whales: 4.6 whales opened 3,286 ETH shorts (20x leverage)

• Capital: Large net inflow of $26.43 million over 72 hours (buying pressure relatively strong)

• Staking: 34.38 million ETH (16.8%), small unlocking pressure

• Gas Fees: 0.0494 Gwei (very low), on-chain activity weak

Today’s Strategy Reference

• Short-term: Range-bound between $2,080–$2,150

◦ Low leverage long: around $2,080, stop-loss at $2,065, target $2,150

◦ High leverage short: above $2,150, stop-loss at $2,180, target $2,100

• Mid-term: Wait for a rebound above $2,160; be cautious of accelerated decline if below $2,000

Risk Reminder

• High leverage liquidations are severe (24h liquidation of $920 million, 78% long positions)

• Middle East situation, Federal Reserve policies, and Yen rate hike expectations have significant impact

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