Yesterday's short positions were closed with a profit again! I've emphasized many times before that the Ethereum trend remains bearish! The 4-hour candlestick is a bearish one, with the closing price near the lowest point and a long upper shadow, indicating heavy selling pressure above. Previously, several small-bodied candlesticks appeared consecutively, indicating a weak and volatile market that failed to rebound effectively. Looking at the 4-hour technical indicators: both the MACD DIF and DEA lines are below the zero line, with the DIF line consistently below the DEA line. The MACD histogram is negative and expanding, showing a clear downtrend with strong downward momentum. The RSI value is 39.84, below 50, indicating a weak market. The RSI briefly touched the oversold zone (35.03) before rebounding, but this rebound was unsustainable and it hasn't yet entered the oversold zone, suggesting further downside potential. The short-term EMA7 (2153.40) and the medium-term EMA30 (2189.06) are both providing resistance above the price, and the EMA7 has crossed below the EMA30, forming a death cross. The long-term EMA120 (2114.91) is currently below the price, forming potential support, but the overall moving average system is bearish, confirming the downtrend. Trend characterization: The current 4-hour chart is in an oversold rebound phase within a medium-term downtrend: bearish forces still dominate (MACD death cross, price breaking the middle band), and there is a short-term technical rebound demand (KDJ golden cross, RSI oversold rebound), presenting an overall weak structure of "decline-recovery-further decline". Ethereum trading recommendation: It is recommended to enter short positions around 2140-2160 for Ethereum, with target prices of 2110-2080-2050! Place the stop loss above 2200. This strategy is time-sensitive; implementation will primarily rely on free guidance!
Detailed analysis of Ethereum trends and stable trading suggestions for March 20th:
2026-03-20 12:12:29
Share
Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact
About MyToken:https://www.mytokencap.com/en/aboutusArticle Link:https://www.mytokencap.com/en/choicenews/3101608.html