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Ethereum Short-Term Strategy: Rebound Facing Resistance, Favoring Shorts (March 20)
Yesterday clearly indicated that the bottom formation is gradually taking shape, and advised against chasing shorts. The market rebounded as expected in the late night hours, with Ethereum reaching around 2160 at its peak, precisely validating our forecast.
The current price has arrived at the dual resistance zone of the 15-minute MA100 moving average and the previous dense trading area. Strong resistance is concentrated around 2180 above, with rebound momentum showing clear signs of weakening. Short-term bullish continuation lacks sufficient strength.
Trading Strategy
ETH: When rebounds reach the 2160-2180 zone facing resistance, scale into short positions gradually. Risk management stop level: exit the position if price holds above 2185. Downside target: focus on 2120-2100 support zone first.
Overall rhythm favors shorting rebounds. Do not chase longs blindly. Wait for price obstruction before participating accordingly.
$ETH #Gate13周年全球庆典