3-16 Ethereum Early Morning Analysis – Failed Rally Attempt, Favoring Shorting #BTC #ETH



Ethereum rallied strongly in the early session, approaching the previous high on the daily chart and breaking the consolidation pattern on the hourly chart. However, volume did not expand proportionally, indicating a rally without significant volume and clearly insufficient bullish momentum. Resistance overhead is heavy, making the risk of chasing longs extremely high.

After a short-term rally, a pullback is likely to occur. The current structure does not support sustained strength; prudent trading should focus on short positions.

Trading recommendation:
Short in batches within the 2200–2230 range, with targets at 2120–2080.
BTC3,05%
ETH9,26%
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