3.13 Morning ETH Analysis



From the 4-hour Bollinger Bands perspective, the price has repeatedly touched the upper band and then pulled back, with the upper band acting as strong resistance. The middle band has shifted from support to resistance. After the bands contract, false breakouts are likely. In the short term, the MA moving averages have turned downward and are arranged in a bearish alignment. The price is trading below the moving averages, which serve as strong resistance. The K/D lines are diverging downward, with no signs of a golden cross, indicating that bearish momentum is strengthening.

Operation suggestion: Short around 2120-2140, with targets at 2060 and 2020.
BTC2,56%
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