3.25 Ethereum Morning Analysis

Ethereum has recently maintained high-level oscillation. While it appears to be range consolidation, the upstream momentum of bulls is actually continuously weakening. The key resistance level above has remained unbroken despite repeated attacks, and the 2100 support below appears effective but is actually precarious. On the daily timeframe, the rebound has already shown signs of weakness, with consecutive probes of the upper resistance ending in pullbacks. Bulls lack sufficient conviction to push higher, with the short term leaning more toward bears accumulating strength.

The current market shows no obvious strong reversal signals. Instead, multiple rallies have failed and pulled back, exposing heavy selling pressure from above. In the morning session, it is inadvisable to blindly buy the dip. One should follow the short-term weak trend, with rebounds into resistance being the primary trading opportunity.

Operation Recommendations

Sell in batches in the 2180-2200 range, targeting 2100-2050 area on the downside