📣 Ethereum Short Position Profits Nearly 100 Points! How Should We Operate Going Forward?

Ethereum short position on Friday evening successfully closed with profits of nearly 100 points gained. In this round, ETH surged to 2385.78 USDT in mid-March before entering a pullback. The 4-hour level has completed a decline following a divergence at the top. Intraday highs reached 2168.00 USDT, lows at 2045.57 USDT. Currently, net capital outflows and a bearish trend prevail. Blind bottom fishing is not recommended; strictly control position size and stop loss.

Four-Hour Ethereum Core Technical Indicator Analysis:

Bollinger Bands (BOLL) midline 2143.03, upper band 2193.73, lower band 2092.32. Price has broken below the midline and is running near the lower band. The Bollinger Band overall opens downward with a bearish short-term trend. The 2090-2095 zone at the lower band serves as the first support; if broken, next target is the previous low at 2045. Midline 2143 is the first resistance level.

MACD Indicator DIF: -21.80, DEA: -18.00, MACD histogram: -7.60 (green bar). DIF and DEA are below the zero axis, showing a bearish death cross. Green bars persist as bearish momentum continues to release with no clear reversal signal yet. Watch for shrinking green bars and a golden cross as DIF turns upward, which could trigger a rebound.

KDJ Indicator K: 49.82, D: 50.84, J: 47.76. The three KDJ lines show a bearish death cross near 50, with J value declining first. Short-term overbought conditions have been digested, entering a weak consolidation zone. If J value dips below 20 into oversold territory, a technical rebound may trigger; currently no clear bottom-fishing signal.

Key Support/Resistance Levels

Strong resistance at 2193 (Bollinger upper band) suppresses rebounds. A breakout is needed to reverse the short-term downtrend. First resistance at 2143 (Bollinger midline) is the core pressure point for short-term rebounds.

First support at 2092 (Bollinger lower band) is today's key support level; breaking below will accelerate the downside. Strong support at 2045 (previous low) is an important defensive level for this decline.

Trading Strategy (For Reference Only, Not Investment Advice; Specific Strategies May Be Released This Evening)

Bearish Strategy: Light short positions can be tested when rebounds encounter resistance in the 2140-2150 zone, with stop loss above 2170 and targets at 2090, 2045.

Bullish Strategy: Wait for price to stabilize above 2100, MACD green bar shrinkage, and KDJ golden cross before considering low buys, with stop loss below 2040.

Strategies are time-sensitive. Strategy implementation is primarily based on free guidance! #Gate13周年全球庆典 #加密行情震荡 #创作者冲榜 #摩根大通下调标普500预期 #比特币支撑阻力位分析 $BTC $ETH