Ethereum Short-term Strategy: Bounce Facing Resistance, Focus on Shorting (March 20)

Yesterday's signal clearly indicated that the bottom formation was gradually taking shape, and we warned against chasing shorts. The market rebounded as expected in the latter half of the night, with Ethereum reaching around 2160, precisely confirming our forecast.

The current price has arrived at a double resistance zone formed by the 15-minute MA100 moving average and the previous dense trading area. Strong resistance is concentrated around 2180, rebound momentum is clearly weakening, and short-term bullish continuation is insufficient.

Trading Strategy:
ETH: When the bounce reaches the 2160-2180 zone and faces resistance, can gradually build short positions in batches. Risk management stop-loss level: exit if price holds above 2185. Downside targets: first watch the 2120-2100 support zone.

Overall rhythm focuses on shorting bounces, avoid blindly chasing longs, and wait for price to encounter resistance before participating accordingly.
$ETH #Gate13周年全球庆典