ETH 🪙： Short-term momentum pushed higher near the upper Bollinger Band but faced resistance and pulled back. Current price is 2328.46, with the middle band (2325.11) facing a test and the upper band (2337.23) acting as strong resistance. MACD crossover divergence at high levels with green momentum bars gradually appearing; short-term bullish momentum is weakening and the overall picture shows high-level oscillation with bearish bias.
If price breaks below the middle band at 2325, it will open downside space targeting the 2315-2312 zone. Key resistance above is 2335; if the rebound faces resistance, bearish continuation targets 2310-2305.
$ETH 📊 March 18th ETH Market Analysis & Strategy
ETH 🪙：
Short-term momentum pushed higher near the upper Bollinger Band but faced resistance and pulled back. Current price is 2328.46, with the middle band (2325.11) facing a test and the upper band (2337.23) acting as strong resistance. MACD crossover divergence at high levels with green momentum bars gradually appearing; short-term bullish momentum is weakening and the overall picture shows high-level oscillation with bearish bias.
If price breaks below the middle band at 2325, it will open downside space targeting the 2315-2312 zone. Key resistance above is 2335; if the rebound faces resistance, bearish continuation targets 2310-2305.
🎯 ETH Strategy (Bearish Bias)
• Entry Range for Shorts: 2330-2335
• First Target: 2318
• Second Target: 2312
• Stop Loss: 2340