Cryptocurrency Expert: Do Not Buy the Dip on March 18! Ethereum ETH Bearish Trend Established, Target 2200? Latest Market Analysis and Thought Reference for Tonight

Ethereum dropped from 2385; I faced a floating loss when I went long at 2320 during the day, but I will never stubbornly hold on! I decisively cut my position at 2285 and exited. Many people think this is giving up, but this is actually the core of professional trading: cutting losses and letting profits run. In this market, those who can protect their capital are the final winners. As long as we have the green hills, we need not worry about firewood! The next opportunity will be clear; let's come back together to make money!

From the chart, we can see that Ethereum quickly fell from the previous high of 2385, currently dropping to 2263. It has already broken below my entry price of 2320 and has fallen below all short-term EMA moving averages and the middle line of the Bollinger Bands. The MACD green bars are rapidly expanding, with the DIF and DEA forming a death cross downward, indicating a clear release of bearish momentum; the K-line has broken the lower band of the Bollinger Bands, which is a sharp short-term decline, and the trend has temporarily turned bearish.

Key support below is at the 2220 and 2240 range, the lower edge of the previous consolidation platform. If this level is lost, it may further test 2200. Therefore, for fellow investors who went long at 2320, my operating advice for the current situation is: already at a floating loss, and the short-term trend has clearly weakened. I do not recommend stubbornly holding; either reduce your position directly at 2260 and 2270 or stop loss and exit to preserve the remaining capital, avoiding further losses. The reason is simple: the short-term bearish strength is strong, and there is no obvious signal of a stop in the decline; holding on may lead to getting deeply stuck.

Some investors want to gamble on a rebound from the oversold conditions. You must move your stop loss to 2220; if this key support breaks, you must exit. The targets to look for are the rebound resistance at 2280-2300. After reaching the price, reduce your position to preserve capital. I want to remind everyone that this is a gamble on a rebound, not a trend to go long, so the risk is extremely high; be sure to control your position size.

Evening Short-Term Reference

Go south from 2280 to 2300, stop loss at 2320, target 2240 to 2200

Logic: Currently breaking below all short-term moving averages, MACD death cross expanding, bearish trend is clear, taking short positions in line with the trend has a higher win rate.

Go north from 2220 to 2240, stop loss at 2200, target 2280 to 2300

Logic: This is a gamble on an oversold rebound, not a trend to go long. Must have a small stop loss, quick in and out.

Friendly reminder: The above content is solely created by the author of this public account. Advertisements at the end of the article and in the comment section are unrelated to the author. Please distinguish carefully, thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。