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3.24 ETH Morning | Mainly bearish, short on rebounds!
ETH continues to be pressured near the lower Bollinger Band, with multiple rebounds suppressed by moving averages. The downtrend is clear, and the bulls have no strength to resist.
Short-term support is around 2100-2110. If a rebound occurs, the 2160-2180 range is the best area to short, as it is where the middle band and moving averages converge to create resistance. Short directly when the price rebounds to this zone.
The overall downward channel remains intact; rebounds are only corrections, not reversals. The first target for shorts is 2100, the second target is 2050, and if broken, continue to lower levels. #加密行情震荡