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$ETH 📊 March 30th Double Coin Market Analysis & Strategy (Bearish Bias)
ETH 🪙:
Short-term surge to 2043.26 faced resistance and pulled back. The current price is 2029.83. The upper band of the Bollinger Bands at 2029.98 is a strong resistance level, and the middle band at 1997.41 is a strong support level. Although the MACD red histogram is still expanding, its slope is slowing down, indicating waning bullish momentum. Overall, the pattern is a rise followed by a pullback.
If the price is pressured below 2045, it will test the upper band at 2029.98. A break below that could open downward space, with a target around 2000-1995. If the rebound fails to break 2040, the short-term trend will continue to oscillate downward, with a strong support at 1980.
🎯 Double Coin Strategy (Bearish Bias)
• Short entry zone: 2040-2035
• First target: 2020
• Second target: 2000
• Stop loss: 2050