$ETH H4 Analysis | Apr 22, 2026
💰 Current Price: $2,314
📉 -54% from ATH ($4,951) | Fear & Greed: 33 (Fear)
📊 MARKET STRUCTURE
• Recovery phase after Feb bottom at $1,840
• Building higher lows: $1,840 → $1,960 → $2,050 → $2,200 → $2,314 ✅
• BUT: Death Cross active on daily (50 EMA < 200 EMA) ⚠️
• Volume still weak — recovery lacks full conviction
🔴 KEY RESISTANCE
• R2 → $2,350 (immediate — watch for rejection)
• R3 → $2,420 (previous high / supply zone)
• R4 → $2,586 (major Fibonacci resistance)
• 200 EMA → $2,793 (major overhead wall)
🟢 KEY SUPPORT
• S1 → $2,200 (critical — breakout level must hold)
• S2 → $2,100 (demand zone)
• S3 → $2,000 (psychological floor)
• S4 → $1,840 (Feb cycle bottom / HTF support)
📈 LONG IDEA
Entry: $2,180–$2,220 | TP1: $2,350 | TP2: $2,420 | SL: $2,090 | RR: ~2.2R
✅ Confirmation: Bullish H4 close at S1 + volume
📉 SHORT IDEA
Entry: $2,350–$2,420 | TP1: $2,200 | TP2: $2,100 | SL: $2,500 | RR: ~1.9R
✅ Confirmation: Bearish engulfing at R2/R3
⚡ KEY CATALYSTS TO WATCH
🔴 KelpDAO hack — $292M exploit, DeFi TVL -$13B
🟡 $90.9M whale 20x long — liquidation at $2,292 ⚠️
🟢
$ETH Foundation staked 69,500
$ETH — less sell pressure
🟢 Glamsterdam upgrade coming — L2 boost catalyst
🎯 BIAS: Cautiously bullish INSIDE range.
✅ Break + close above $2,350 → targets $2,420–$2,586
❌ Break below $2,200 → risks $2,100 → $2,000
⚠️ NFA | DYOR | Always manage your risk.
#ETH #TechnicalAnalysis