$ETH Crypto Academy Scholar: Don't buy the dip on 3.18 crash! Ethereum ETH bearish trend established, target 2200? Latest market analysis and trading ideas for tonight

Ethereum pulled back from 2385, my intraday short position at 2320 went underwater, but I absolutely won't hold it stubbornly! Just decisively closed my position at 2285, many think it's giving up, but this is actually the core of professional trading—cutting losses and letting profits run. In this market, those who preserve their capital are the real winners in the end. Keep the green hills, and you'll never lack firewood! When the next opportunity becomes clear, we'll come back together to make money!

From the chart, you can see Ethereum quickly dropped from the previous high of 2385, currently down to 2263, breaking below my intraday entry at 2320, and simultaneously breaking below all short-term EMA lines and the Bollinger Band midline. MACD green columns are expanding rapidly, DIF and DEA death cross downward, bearish momentum clearly releasing; K-line breaks below the Bollinger Band lower rail, characteristic of a sharp short-term decline, trend temporarily turning bearish.

Key support below is in the 2220-2240 range at the lower end of the previous oscillation platform. If this breaks, it may further test 2200. So for coin friends like me who entered long at 2320, my current operational recommendation: already underwater with a clearly weakening short-term trend, don't stubbornly hold—either reduce position at 2260-2270 or stop loss and exit to preserve remaining capital and avoid further losses. The reason is simple: short-term bearish strength is strong with no obvious stop-drop signal, holding stubbornly risks being deeply trapped.

Some coin friends want to gamble on oversold rebound must move stop loss down to 2220—must exit if key support breaks. Target first look at 2280-2300 rebound resistance, reduce position to break even upon reaching price. Reminder: this is gambling on rebound, not trending long—extremely risky, must control position size.

Evening short-term reference:

Shorting from 2280 to 2300 going down, stop loss 2320, target 2240 to 2200

Logic: Currently broken below all short-term lines, MACD death cross with volume, bearish trend clear, shorting with the trend has higher win rate.

Going long from 2220 to 2240 going up, stop loss 2200, target 2280 to 2300

Logic: This is gambling on oversold rebound, not trending long—must use tight stops, quick in and out.