3.25 Ethereum Morning Analysis

Ethereum has been maintaining high-level oscillations recently, appearing to be consolidating within a range. However, in reality, bullish momentum continues to decline, with key resistance levels above proving difficult to break through, while the 2100 support below appears effective on the surface but is actually precarious. At the daily level, the rebound shows signs of exhaustion, with consecutive tests of resistance above all ending in pullbacks. Bullish upside momentum is insufficient, with the near term leaning more toward bearish accumulation.

The current chart lacks clear strong reversal signals. Instead, there are multiple failed rallies, exposing heavy selling pressure above. Morning trading should not blindly chase bottoms with long positions. Rather, one should align with the near-term weakening trend, using rallies for shorting.

Trading Suggestions:

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