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$ETH March 18 Morning Analysis
24h decline: -2.37% (-56 points).
On the 4H timeframe, price rallied strongly from 2234 to 2384 and then entered a pullback from higher levels. The 1H has confirmed CHoCH turning bearish with consecutive lower highs: 2357→2343→2340→2331→2322. Price dropped sharply from the 2331 double top to 2314, with 5M showing continuous bearish candles increasing volume.
Currently in a 1H bearish structure; the 4H larger timeframe has not completely turned bearish yet but momentum is weakening.
The 2294-2303 zone is the 4H double sweep support area, and 2335-2343 is the 1H supply zone. In the bearish trend, focus on shorting with longs only at extreme support levels with light positions betting on rebounds.
Core Strategy: Wait for rebounds to the 1H supply zone 2330-2335 to place limit sell orders, or wait for price to drop to the 2294-2303 support zone to observe stop-loss signals for longs. Do not open positions in the 2310-2325 middle zone.