Ethereum short positions were closed out again on Friday evening, successfully securing nearly 100 points of profit. Four-hour Ethereum core technical indicator analysis: Bollinger Bands (BOLL): Middle band 2143.03, Upper band 2193.73, Lower band 2092.32. The price has broken below the middle band and is trading near the lower band. The Bollinger Bands are generally opening downwards, indicating a short-term bearish trend. The lower band area of 2090-2095 is the first support level; if it breaks below, the next target is the previous low of 2045. The middle band at 2143 is the first resistance level. MACD indicator: DIF: -21.80, DEA: -18.00, MACD histogram: -7.60 (green bars). The DIF and DEA have crossed downwards below the zero line, and the green bars continue, indicating that bearish momentum is still being released. There is no clear reversal signal yet. A rebound is possible only if the green bars contract and the DIF turns upwards (a golden cross signal). The KDJ indicator shows K: 49.82, D: 50.84, and J: 47.76. The three KDJ lines have formed a death cross near 50, with the J value leading the decline. Short-term overbought conditions have been digested, and the market has entered a weak consolidation phase. If the J value falls below 20 and enters oversold territory, a technical rebound may be triggered. Currently, there is no clear bottom-fishing signal. Trading strategy: Short position: Consider a small short position when the price rebounds to the 2140-2150 range and encounters resistance, with a stop-loss above 2170 and targets at 2090 and 2045. Long position: Wait for the price to stabilize above 2100, for the MACD histogram to shrink, and for the KDJ to form a golden cross before considering a buy-on-dips, with a stop-loss below 2040.
Ethereum short positions yielded nearly 100 points of profit! How should we proceed from here?
2026-03-22 07:22:29
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