Based on the ETH/USDT daily (1D) chart as of the morning of April 29, 2026, here is the technical analysis and trend forecast: 1. Technical Analysis of April 28 Price Action: During April 28, Ethereum experienced significant downward pressure, falling from a 24h high of 2,310.76 to a low of 2,258.48. MA Breakdown: The price has officially closed below the "cluster" of key moving averages: MA5 (2,318.86), MA10 (2,320.36), and MA20 (2,314.23). This breakdown below the support cluster is a bearish signal, indicating that the short-term recovery momentum has been neutralized. Volume: The 24h trading volume reached 70.55k ETH (approx. 161.16M USDT). Dominant selling pressure prevented the price from reclaiming the 2,300 psychological level. 2. Trend Forecast for April 29, 2026 The prevailing trend for today is Bearish Adjustment and Support Testing. Bearish Scenario (Primary): With the current daily candle remaining in the red (2,286.43, down -0.75%), ETH is trending toward the next support zone between 2,200 and 2,250. Failure to hold this level could risk a retracement toward the long-term support at 1,800 (noting the previous major swing low of 1,744.00). Bullish Scenario: To regain a bullish bias, ETH needs to break back above and close a daily candle over 2,320. However, the 90-day (-24.06%) and 180-day (-39.90%) metrics suggest that long-term holding sentiment remains weak. Conclusion: For April 29, ETH is expected to fluctuate within the 2,220 – 2,300 range. The market is currently in a "Sell on Rally" phase. Investors should closely monitor the 2,258 support (the previous 24h low); a breach below this mark could trigger an acceleration in selling pressure.