$ETH 📊 April 3 ETH Market Analysis & Strategy

ETH 🌍:
In the short term, the price has been oscillating and declining from the high of 2076.00. Currently, the price is at 2059.47, facing resistance near the upper Bollinger Band at 2059.24. The middle band at 2051.87 provides short-term support, and the lower band at 2044.51 is a critical defense level. Bullish momentum continues to weaken; the MACD shows a small red histogram but with very weak volume, and the DIF and DEA are close to the zero line. Bearish momentum still has room to release, and the overall pattern is oscillating with a slight weakness.
• Bearish logic: The price repeatedly tests the upper band and pulls back under pressure. If volume increases and the price breaks below the middle band at 2051.87, it will confirm a new downtrend. The first target zone is 2040-2030; breaking below that points to key support at 2015-2000. The upper band at 2060 is a strong resistance; if the rebound does not touch it, the decline will continue.
• Bullish risk: If the middle band at 2051.87 holds as support and the MACD red histogram continues to expand, there may be a rebound and upward attack, targeting the 2070-2080 range. If the rebound faces resistance, the decline will persist.
🎯 Bitcoin Strategy (Bearish Bias)
• Short entry zone: 2065-2070
• First target: 2040
• Second target: 2030
• Stop loss: 2075