#Gate广场四月发帖挑战 ETH Current Trading Recommendations (2026-04-08) Current Price: $2,242, 24h Increase +7.32%, outperforming BTC by about 2.9%

Technical analysis says...
Short-term (15 minutes, 4 hours) bullish alignment is clear, SAR is supporting below the candlesticks, MA7 > MA30 > MA120 all bullish— the trend itself is upward, and volume increase indicates funds are following in.
But the problem is: the 4-hour RSI has already reached 73, with WR and CCI both overbought; the daily KDJ J value has surged to 102, and the Bollinger Band upper band has been broken through—**short-term enthusiasm is severely overextended**, and the safety margin for continuing to chase longs is rapidly narrowing.

On-chain betting can be quite dramatic—
- Whale "Maji" has increased ETH long positions by 25x leverage, placing take-profit orders between 2260-2300 to prepare for profit-taking
- Whale "0x049" is heavily long with 20x leverage, holding 8,918 ETH at an average price of 2242
- Well-known miner Jiang Zhuoer directly announced **short ETH at 2242**, believing the bear market is not over, and rebound events are good opportunities to add shorts
- Another whale "Silver Iron Head Short Army" has set a large number of short positions between 2260-2340
- Yet another contract whale has already closed long positions here to lock in profits

Option 1: Wait for a pullback before going long (relatively low risk)
ETH is currently trading around 2242, which is close to the dense area of both long and short entry prices. If it pulls back to support levels before entering, the safety margin is higher.
Option 2: Short at the current price (high risk, only for short-term trading)