📣Ethereum short position profit nearly 100 points! How should we operate going forward?

Ethereum's short position on Friday evening successfully exited with nearly 100 points of profit. In this round, ETH surged to 2385.78 USDT in mid-March before entering a pullback. The 4-hour level has completed a decline following a bearish divergence at the top. The daily volatility high is 2168.00 USDT and low is 2045.57 USDT. Currently, capital is flowing out, the trend is bearish, and blind bottom-fishing is not recommended. Strictly control position size and stop-losses.

Four-hour Ethereum core technical indicator analysis:

Bollinger Bands (BOLL) middle band 2143.03, upper band 2193.73, lower band 2092.32. Price has broken below the middle band, running near the lower band. The Bollinger Bands are opening downward overall, indicating a short-term bearish trend. The 2090-2095 area of the lower band is the first support. If broken, the next target is 2045 previous low. The middle band 2143 is the first resistance level.

MACD indicator DIF: -21.80, DEA: -18.00, MACD bar: -7.60 (green bar). DIF and DEA are crossing downward below the zero axis, green bars continue, bearish momentum is still releasing, no clear reversal signal yet. Pay attention to green bar shrinkage and DIF turning upward golden cross signals, which may trigger a rebound.

KDJ indicator K: 49.82, D: 50.84, J: 47.76. The three KDJ lines are crossing downward near 50, J value leads the decline, short-term overbought has been digested, entering a weak consolidation range. If J value probes below 20 entering oversold territory, it may trigger technical rebound; currently no clear bottom-fishing signal.

Key Support/Resistance

Strong resistance 2193 (Bollinger upper band) suppresses rebounds; a breakthrough is needed to reverse the short-term downtrend. First resistance 2140-2150 (Bollinger middle band) is the core pressure level for short-term rebounds.

First support 2092 (Bollinger lower band) is the key daily support; breaking below will accelerate the decline. Strong support 2045 (previous low) is an important defense level for this round's decline.

Trading Strategy (for reference only, not investment advice; specific strategies can be released in the evening)

Bearish approach: When rebounds to 2140-2150 area faces pressure, light short positions can be attempted, stop-loss above 2170, targets 2090, 2045.

Bullish approach: Wait for price stabilization above 2100, MACD green bar shrinkage, and KDJ golden cross before considering low absorption, stop-loss below 2040.

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