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$ETH 📊 March 18 - Second Pancake Market Analysis & Strategy
ETH 🪙：
Short-term rally faced resistance near the Bollinger Band upper band and pulled back. Current price is 2328.46, testing the Bollinger Band middle band (2325.11) with the upper band (2337.23) as strong resistance; MACD bearish death cross diverging with green momentum bars gradually emerging, short-term bullish momentum weakening, overall entering a high-level consolidation with bearish bias.
If price breaks below the middle band at 2325, it will open downside space, targeting the 2315-2312 zone; key resistance above is 2335, if a rebound faces resistance the bearish trend continues, targeting 2310-2305.
🎯 Second Pancake Strategy (Bearish Bias)
• Short entry zone: 2330-2335
• First target: 2318
• Second target: 2312
• Stop loss: 2340