3.13 Morning ETH Analysis

From the 4-hour Bollinger Bands perspective, there have been multiple touches of the upper band followed by pullbacks, with the upper band exerting strong resistance; the middle band has shifted from support to resistance; after the bands tighten, false breakouts are likely. In the short term, the MA moving averages have turned downward, displaying a bearish alignment, with price trading below the moving averages, the moving averages acting as strong resistance. The K/D lines are diverging downward with no golden cross signals, and bearish momentum is strengthening.

Operation Suggestion: Short around 2120-2140, target 2060, 2020
$BTC
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