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3-18 Morning Ethereum Technical Analysis#BTC #ETH
From a technical perspective, both the daily and 4-hour charts show significant pressure after rallying higher. Price tested the upper Bollinger Band and pulled back after encountering resistance, with the channel gradually narrowing and flattening. The bullish trend has paused, and the market has entered a short-term correction and decline phase. On the 4-hour chart, the rebound lacks strength and has again broken below the key moving average support. The K-line has fallen below the MA7 and the middle Bollinger Band, with previous support now acting as resistance. The bearish structure is gradually establishing itself. The daily chart shows a reversal from highs, with 4-hour indicators declining from their peaks, displaying divergence signals, and upward momentum clearly fading.
Trading Recommendation:
Short near 2330-2350, target around 2150-2200#Gate广场AI测评官 #比特币站上7.5万美元 #加密市场上涨