📊 ETH 2026-03-16 Technical Analysis (As of 13:15)
Current Price: $2,085 (24h decline 5.1%, underperforming BTC, broken below $2,100 level)
I. Core Indicators (4H/Daily)
- Trend: Short-term weakening, 4H ascending channel broken, reverting to weak oscillation
- RSI (4H): 42 neutral-to-weak, not oversold, room for pullback remains
- MACD (4H): Death cross, bearish momentum strengthening; daily histogram contracting, upside momentum fading
- Moving Averages: Broken below 7/20-day MA ($2,098/$2,105), 50-day MA at $2,120 forming strong resistance
- Bollinger Bands (4H): Price near lower band
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