4.9 Morning Ethereum Trading Analysis $BTC $ETH

Ethereum rebounded off a key support level and stabilized strongly. The short-term bearish momentum is nearly exhausted, and multiple bullish reversal signals are appearing, indicating that a new rally is about to begin.
Since the pullback from 2269, the price has found support and stabilized in a strong support zone. The selling pressure on the 15-minute chart has been fully released, and the downward space is essentially closed. The bottoming and rebound pattern is clear.

Moving averages have turned upward, forming a bullish support. The price is above the short-term moving averages, and the MACD has a low-level golden cross that continues to expand. The bullish momentum is gradually warming up, and the rebound trend is clear.
With the ongoing escalation of Middle East geopolitical conflicts, market risk aversion has increased, and capital is flowing back clearly, further boosting the bullish trend.

Trading Suggestions:
Rebouncing from 2160-2180, gradually build long positions in batches. The initial target is around 2250-2280. If a breakout and stabilization occur, the target can be raised to 2300. Strictly set stop-losses and follow the trend with light positions.