3.11 Evening ETH Analysis

The Bollinger Bands on the 4-hour chart show the price oscillating above the middle band (around 1990), with the upper band around 2075 acting as strong resistance and the lower band around 1908 providing strong support; the bands are converging and flattening, indicating sideways movement with no clear trend. The daily chart has stabilized above the middle band, showing a slightly bullish structure, but there is significant selling pressure near the upper band, and the rebound volume is low. The 4-hour KDJ has a dead cross at a high level, indicating short-term weakness, with a need for a pullback. The price is oscillating within a range, favoring short positions at high levels and long positions at lows; do not chase orders.
Trading suggestion: Enter short positions on rebounds around 2060–2075 with resistance, stop loss at 2100, and target 2000–1980.
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