📣Ethereum faces resistance after a surge; will it decline in the evening?

After yesterday's morning session, Ethereum's trend stretched upwards, reaching a high price of 2104. However, after breaking 2100, it faced pressure from above and did not effectively stabilize. In the early hours of today, it attempted to break through multiple times but with poor results, ultimately retreating. It is recommended to short at high positions this evening!

【Analysis of Ethereum's price trend from the four-hour chart】

K-line pattern:

Recent prices have fluctuated within the 2000 to 2100 range, forming a noticeable oscillation consolidation pattern. The daily chart shows long lower shadow lines and small real body bullish lines, indicating that buying power is gradually strengthening.

Technical indicators:

MACD: The 4-hour MACD is in a bullish state, but the red bars are shortening, indicating that the upward momentum is weakening. The daily MACD remains strong, and the bullish trend is unchanged.

RSI: The 4-hour RSI is approaching the overbought area (62.19) but has not yet entered extreme values, which may indicate potential pullback pressure. The daily RSI remains at a mid-high level, showing that market sentiment is leaning towards optimism.

EMA: The 4-hour EMA7 has broken through EMA30 and EMA120, showing a bullish arrangement, supporting the current price trend. The daily EMA also indicates a bullish trend, with short-term moving averages operating above long-term moving averages.

Trading volume:

Recent trading volume has increased, especially during price rebounds touching lows, indicating signs of capital inflow. As the price approaches the previous high around 2095, the trading volume slightly shrinks, necessitating vigilance against potential selling pressure.

Evening Ethereum robust profit layout on 3/25:

It is suggested to enter short positions near 2100-2090, with target points: 2060-2030-2000!

For trend rebounds, it is recommended to add to shorts at 2130, with target points unchanged!

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