📣Ethereum faces resistance at a high, will it drop in the evening?

After the morning session yesterday, Ethereum's trend stretched upwards, reaching a high price of 2104. However, after breaking through 2100, it faced pressure from above and did not effectively stabilize. In the early hours of today, it made several attempts to break through, but did not achieve good results, ultimately returning empty-handed, and the trend is now falling back. It is advised to short at high positions in the evening!

【Analysis of Ethereum price trend from the four-hour perspective】

K-line pattern:

Recently, the price has been fluctuating within the range of 2000 to 2100, forming a relatively obvious oscillation consolidation pattern. The daily chart shows a long lower shadow and a small real body bullish candle, indicating that buying power is gradually increasing.

Technical indicators:

MACD: The 4-hour MACD is in a bullish state, but the red bars are shortening, indicating that upward momentum is weakening. The daily MACD remains strong, and the bullish trend has not changed.

RSI: The 4-hour RSI is close to the overbought zone (62.19), but has not yet entered extreme values, indicating possible pullback pressure. The daily RSI remains at a mid-high level, showing that market sentiment leans towards optimism.

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

Trading volume:

Recently, trading volume has increased, especially when prices hit lows and rebounded with increased volume, showing signs of capital inflow. When the price approaches the previous high of 2095, the trading volume slightly shrinks, warranting caution against potential selling pressure.

Evening strategy for stable profits on 3/25:

It is recommended to enter short positions around Ethereum 2100-2090, with target points: 2060-2030-2000!

For trend rebounds, it is suggested to add to short positions at 2130, with target points unchanged!

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