2026-03-18 02:03:55

Ethereum morning outlook: rally showing fatigue, consolidation favors downside bias

Ethereum failed to sustain its previous rally. After encountering resistance at the 2386 level, price fell back to 2294. Although there was a subsequent rebound, it met resistance again around 2357, with overall rebound momentum clearly insufficient. Following overnight consolidation, price is currently holding above 2300.

From the four-hour structure, bulls and bears are in a tug-of-war state with the price action showing consolidation patterns. The hourly Bollinger Bands are gradually narrowing, with price oscillating repeatedly around the midline. Short-term direction is unclear, but this also reflects a lack of sustained momentum in the market.

Given the current weakening rally momentum, blindly chasing longs is not recommended. Operationally, we favor shorting on rebounds and participating in the pulldown following the trend.

Intraday can scale into shorts in the 2340—2360 zone, targeting 2290—2250
$ETH ‌#比特币站上7.5万美元

ETH0.73%

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