3.26 Ethereum Morning Analysis



Ethereum has been in a downtrend since retreating from the 2385 high, which has not truly reversed.
Previous rebounds have only been technical corrections following oversold conditions, not trend reversals.

When price rallied to the key resistance level near 2425, it consistently failed to hold, and was subsequently strongly suppressed by bears, indicating heavy selling pressure above and severely lacking bullish confidence.

Currently, price is oscillating and bottoming out near 2165, which appears to be a bottom, but is actually a decline continuation consolidation. After this consolidation, it will likely continue to weaken.

Trading Suggestion: Short in batches within the 2170-2200 range, with targets around 2100-2050
ETH-2,08%
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