$ETH March 18 Early Morning Analysis

24h decline: -2.37% (-56 points).

On the 4H level, price rallied strongly from 2234 to 2384 and then entered a pullback from highs. The 1H has confirmed CHoCH turning bearish with consecutive lower highs: 2357→2343→2340→2331→2322. Price dropped sharply from 2331 double top to 2314, with 5M consecutive bearish candles expanding volume downward.

Currently in a 1H bearish structure, the 4H larger timeframe has not fully turned bearish yet but momentum is weakening.

2294-2303 zone is the 4H dual sweep support level, 2335-2343 is the 1H supply zone. In a bearish trend, focus on shorting, with long positions only taken as light positions at extreme support levels to scalp bounces.

Core strategy: Wait for bounces to the 1H supply zone 2330-2335 to place limit short orders, or wait for price to drop to the 2294-2303 support zone to observe stop-drop signals for longing. Do not open positions in the 2310-2325 middle zone.