3.25 Ethereum Morning Analysis

Ethereum has recently maintained high-level oscillations, appearing to be consolidating within a range. However, in reality, bullish momentum continues to weaken. The key resistance level above has not been broken despite prolonged attempts, while the 2100 support below appears effective but is actually precarious. At the daily level, the rebound has shown signs of exhaustion, with consecutive probes at the upper resistance all ending in pullbacks. The bullish push lacks conviction, with the short term leaning more toward bearish accumulation.

The current chart shows no obvious strong reversal signals. Instead, multiple attempts to rally have failed, exposing heavy selling pressure above. In the morning session, it is not advisable to blindly buy on dips. Rather, one should follow the short-term weak trend, fading rallies for shorts as the main strategy.

Trade Recommendation

Sell in batches in the 2180-2200 range, targeting 2100-2050 area on the downside