Auntie

On March 11, the short-term downward risk of Ethereum has not been completely released, but historical cycle data shows that a rebound after being oversold may be explosive.

The daily level has formed a 'five consecutive downs' pattern, with prices breaking below all key moving average supports, MACD crossing downward, and RSI entering the oversold zone but not showing effective rebound signals. The 4-hour chart presents a descending channel; if it closes below $1,800 during the day, it may trigger a 'descending wedge' breakdown, with a mid-term target pointing to $1,500. However, some analysts believe that the current oversold state (RSI=28) may trigger a technical rebound.

Auntie: Important support at 1780; if broken, it may test 1700-1720, and if it breaks further, it may test 1650.

For short positions, consider lightly shorting near $1,845 on a rebound, with a stop loss at $1,875 and a target of $1,720.

Aggressive long positions can be built in batches below $1,700, with a stop loss at $1,650, betting on an oversold rebound.