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Ethereum Short-Term Strategy: Rebound Faces Resistance, Shorting as Primary Direction (March 20)
Yesterday clearly indicated that the bottom formation was gradually taking shape, warning against chasing shorts. As expected, the market initiated a rebound in the latter half of the night, with Ethereum reaching around 2160, precisely validating the 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, with rebound momentum showing obvious decline. Short-term bullish continuation lacks strength.
Trading Strategy
ETH: When the rebound reaches the 2160-2180 zone and faces resistance, set up short positions in batches. Risk control defensive level at 2185; exit with losses if this level holds. Downside targets first focus on the 2120-2100 support zone.
Overall rhythm focuses on shorting rebounds, avoid blindly going long, and wait to participate following market rejection.
$ETH #Gate13周年全球庆典