3.24 Ethereum Early Morning Market Analysis

From a 4-hour perspective, the Bollinger Bands continue to open downward, with prices long-term pressured running below the upper band. Multiple rebounds have encountered resistance and fallen back, with bulls' counterattack strength remaining weak and unable to break through key resistance levels. Moving averages across all cycles are in bearish alignment, with short-term moving averages continuously pressing down, forming layer upon layer of resistance, severely limiting upside space. After a bearish divergence from the KDJ indicator at high levels, it continues to diverge downward, with bearish energy continuously releasing. The overall bearish market structure is stable with no short-term reversal signals appearing yet.

The current market is dominated by weak shock movements downward. Any rebound should be viewed as corrective action. Trading strategy holds firm to the trend-following high-short approach, avoiding blind bottom-fishing, waiting for rebounds to be rejected before entering positions in batches, strictly controlling position size and risk, and strictly adhering to trend trading discipline.

Trading Recommendations

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