Hong Kong, April 5, 12:24 PM, ETH support and resistance levels
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The larger timeframes (weekly/monthly) are very bearish, the medium timeframe (daily) is neutral leaning bearish, the smaller timeframe (4 hours) is neutral. All three timeframes show a major divergence structure: large bearish, medium bearish, small neutral, not fully resonant.
The trend direction above the daily level is bearish; each rebound without a substantial and stable breakout above 2103 with volume should be considered a corrective rebound in a bearish trend, not a trend reversal.
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ETH resistance levels above
Resistance 1: around 2078 (possible breakout 39%)
Resistance 2: around 2103 (possible breakout 58%)
Resistance 3: around 2133 (possible breakout 31%)
Resistance 4: around 2153 (possible breakout 15%)
Resistance 5: around 2203 (possible breakout 11%)
ETH support levels below
Support 1: around 2039 (possible drop below 47%)
Support 2: around 2019 (possible drop below 71%)
Support 3: around 1995 (possible drop below 44%)
Support 4: around 1976 (possible drop below 28%)
Support 5: around 1920 (possible drop below 20%)
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