3.25 Ethereum Morning Analysis

Ethereum has maintained high-level oscillation recently, appearing to be consolidating within a range. However, in reality, bullish momentum continues to weaken. Key resistance levels above have been unable to break through despite repeated attempts, while the 2100 support below appears effective but is actually precarious. On the daily timeframe, the rebound has shown signs of exhaustion, with consecutive tests of upper resistance all ending in pullbacks. Bullish conviction for further upside is insufficient, with the short term leaning more toward bears accumulating strength.

Currently, the market shows no obvious strong reversal signals. Instead, multiple failed rallies indicate heavy selling pressure above. This morning, avoid blindly buying the dip. Instead, align with the short-term weakening structure, treating rallies as opportunities to short.

Trading Recommendations

Short in batches in the 2180-2200 range, targeting 2100-2050 area on the downside