Auntie 3/18
The Ethereum market shows a weak oscillating pattern, with mixed bullish and bearish signals on the technical front. Divergence in volume and price, along with strong resistance above, suppresses short-term rebound potential. It is recommended to pay attention to the breakthrough direction in the $1,870-$1,950 range.
If it holds above the $1,905 support, it may rebound to the $1,956-$2,020 range; if it breaks below $1,870, it may test $1,800. The 15-minute chart shows a net inflow of about $200 million, with a MACD golden cross forming, but the upper Bollinger Band at $1,920 presents significant resistance, limiting short-term rebound potential.
Short Position: When the price rebounds to the $1,920-$1,950 range, take a light short position, with a stop loss set above $1,975, targeting $1,880-$1,850.
Long Position: If the price pulls back to the $1,870-$1,885 range and stabilizes, one can establish a long position, with a stop loss below $1,830, targeting $1,950-$1,970.
Breakthrough Follow-Up: After effectively holding above $1,950, go long with the trend, targeting $2,030; if it breaks below $1,870, then wait and observe for signals in the $1,800-$1,830 support zone.
