ETH has rallied from the 2085 low point all the way up to 2384 high, with gains approaching 300 points.
The 4H timeframe displays a clear five-wave uptrend structure, with two major rally legs from 2112 to 2248 and from 2272 to 2384 respectively, completing sufficient pullback consolidation in the 2233 to 2307 zone. Current price 2371 is oscillating in the high zone of the second major rally leg. Early morning experienced a classic liquidity sweep—price surged to 2384 then quickly pulled back to 2329, followed by a V-shaped bounce back to 2371, forming wide-range oscillation between 2329 and 2385.
Structurally, the 4H major trend remains strongly bullish, with eight consecutive bullish candles in a row, EMA20 far above EMA50, price holding firmly above all moving averages. However, the 1H timeframe shows warning signals: the 2384 surge high and pullback forms a potential double top pattern; if the 2329 low breaks down, it will confirm a 1H CHoCH shift to bearish. The core confrontation zone is between 2340 to 2385, with 2340 to 2350 being the strong demand zone (two V-bounce starting points early morning) and 2378 to 2385 being the strong supply zone (rejections from highs). The funding rate is -0.0014%, indicating slight bearish sentiment but with minimal magnitude.
Today's operation strategy recommendation: primarily use pullbacks for long entries. Do not counter-trend short trades when the 4H trend remains unchanged. Wait for price to test the 2350 to 2355 demand zone, confirm reversal of the decline, then go long; or wait for volume breakout above 2385 to chase longs. Short entries only with light positions and clear reversal signals at the 2380 to 2385 resistance zone.
2026.3.17 ETH Morning Analysis$ETH
ETH has rallied from the 2085 low point all the way up to 2384 high, with gains approaching 300 points.
The 4H timeframe displays a clear five-wave uptrend structure, with two major rally legs from 2112 to 2248 and from 2272 to 2384 respectively, completing sufficient pullback consolidation in the 2233 to 2307 zone. Current price 2371 is oscillating in the high zone of the second major rally leg. Early morning experienced a classic liquidity sweep—price surged to 2384 then quickly pulled back to 2329, followed by a V-shaped bounce back to 2371, forming wide-range oscillation between 2329 and 2385.
Structurally, the 4H major trend remains strongly bullish, with eight consecutive bullish candles in a row, EMA20 far above EMA50, price holding firmly above all moving averages. However, the 1H timeframe shows warning signals: the 2384 surge high and pullback forms a potential double top pattern; if the 2329 low breaks down, it will confirm a 1H CHoCH shift to bearish. The core confrontation zone is between 2340 to 2385, with 2340 to 2350 being the strong demand zone (two V-bounce starting points early morning) and 2378 to 2385 being the strong supply zone (rejections from highs). The funding rate is -0.0014%, indicating slight bearish sentiment but with minimal magnitude.
Today's operation strategy recommendation: primarily use pullbacks for long entries. Do not counter-trend short trades when the 4H trend remains unchanged. Wait for price to test the 2350 to 2355 demand zone, confirm reversal of the decline, then go long; or wait for volume breakout above 2385 to chase longs. Short entries only with light positions and clear reversal signals at the 2380 to 2385 resistance zone.