3.13 Morning ETH Analysis


From the 4-hour Bollinger Band perspective, there have been multiple touches of the upper band followed by pullbacks, with strong pressure from the upper band; the middle band has transitioned from support to resistance; after contraction, false breakouts are likely. In the short term, the MA moving averages have turned downward in a bearish alignment, with price trading below the moving averages, moving averages acting as strong resistance, K/D lines diverging downward with no golden cross signals, and strengthening bearish momentum.
Operation Suggestions: Short around 2120-2140, targets at 2060, 2020
$BTC
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