$ETH March 18 Early Morning Analysis



24h decline -2.37% (-56 points).

4H timeframe rallied strongly from 2234 to 2384 then entered a pullback from highs. 1H has confirmed CHoCH turning bearish with consecutive lower highs: 2357→2343→2340→2331→2322. Price dropped sharply from 2331 double top to 2314, 5M showing consecutive red candles with increasing volume on the downside.

Currently in a 1H bearish structure. 4H major timeframe has not completely turned bearish yet but momentum is weakening.

2294-2303 zone is a 4H double-sweep support area, 2335-2343 is a 1H supply zone. In a bearish trend, prioritize shorting; take longs only at extreme support levels with small positions betting on bounces.

Core Strategy: Wait for bounces to the 1H supply zone 2330-2335 to place limit short orders, or wait for price to drop to the 2294-2303 support zone to observe stop-loss signals for longs. Do not open positions in the 2310-2325 intermediate zone.
ETH-0.74%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin