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Morning market review - Sunday, March 15, 2026

Technical analysis of 2 instruments with options data

Kacper MrukMarch 15, 20261 min read
Morning market review - Sunday, March 15, 2026

Morning Market Review

The morning market review indicates a prevailing mood of extreme fear, as reflected by the Fear & Greed Index, which has reached a value of 20. The current Fed interest rate is 3.50-3.75, and the next FOMC meeting is scheduled for March 18, 2026, which may influence further investor expectations. In today's analysis, we will take a look at two key instruments that may be particularly in the spotlight given the current market conditions.

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Further Reading

Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin continues to rebound from the February low; however, it is still within the broader downtrend visible since November. The current support levels are around 68,000, while resistance is near 75,000. The RSI indicates neutral territory, suggesting a lack of clear momentum in either direction.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, Bitcoin shows signs of consolidation with a slight upward slope. Key support levels are at 70,500, while resistance is around 72,500. Technical indicators such as MACD indicate possible further increases, however, the volume remains moderate, which may suggest caution among investors.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart shows an attempt to break the level of 71,500, which may suggest further increases in the short term. Support is at the level of 71,000, and resistance at 72,000. The RSI indicator is close to the overbought level, which may suggest the possibility of a short-term correction.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, volatility is visible in the range of 71,300-71,500. The presence of candles with long shadows may indicate market indecision. Support is located near 71,200, and resistance at 71,500. Trading activity is moderate, which may suggest a lack of clear direction in the short term.

Bitcoin - Options data

Options data indicates a moderately bullish sentiment with a Put/Call ratio of 0.61. Key call levels are $42 (+5% from ATM), which may indicate expectations of increases. Max Pain at $42 suggests that options may aim for this level by expiration. Volume and open interest suggest greater interest in call options, supporting the bullish scenario.

Bitcoin - Summary

Bitcoin is showing moderate bullish strength with key resistance at 72,500 and support at 70,500. Options and technical data indicate potential further gains; however, the current market sentiment is mixed with a prevailing sense of fear. Key levels to watch are 71,500 as support and 72,000 as a potential short-term resistance.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart of Ethereum, we observe a downward trend that began in early January 2026. Currently, the price hovers around the level of 2105 USD, indicating an attempt to break out of consolidation. Key support can be identified at the level of 2000 USD, while resistance is around 2200 USD. Technical indicators do not clearly indicate a trend change, suggesting the possibility of further consolidation in the short term.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, a sideways movement is visible with an attempt to bounce off the local support at the level of 2080 USD. The price is approaching the short-term resistance at 2120 USD. The current candlestick arrangement suggests moderate optimism, although the volume remains low. If the price exceeds 2120 USD, further strengthening towards 2150 USD is possible.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart shows an upward movement from the level of 2080 USD. The price has broken through the local resistance at 2100 USD, which may suggest further increases in the coming hours. The nearest resistance is at the level of 2115 USD, and breaking it could open the way to 2130 USD. The RSI indicates strong momentum, which supports a possible bullish scenario.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart, a short-term breakout is visible, from the level of 2090 USD to the current price of 2105 USD. The bullish momentum is evident, and the RSI is approaching the overbought zone, suggesting a possible short-term slowdown. Key support is at 2100 USD, and resistance is at 2110 USD.

Ethereum - Options data

The ETHA options data indicates a moderately bullish sentiment with a put/call ratio of 0.59. The largest open call positions have a strike at 20 USD, representing a 25% potential increase from ATM. The Max Pain at 20 USD also suggests a possible upward move. The volume of call options exceeds that of puts, which may support potential increases in the short term.

Ethereum - Summary

Ethereum shows signs of a short-term rebound with possible increases towards 2150 USD. Key support is at 2000 USD, while resistance is at 2200 USD. Options and technical data suggest a moderately bullish bias, supported by a lower put/call ratio. However, levels of 2100 USD and 2120 USD should be monitored as indicators of further price direction.

Frequently Asked Questions

How to analyze trading instruments effectively?
Effective analysis combines technical analysis (charts, patterns, indicators) with fundamental analysis (economic data, news events). Understanding both short-term price action and long-term trends is essential.
How do Fed decisions impact markets?
Fed rate decisions affect all asset classes. Higher rates strengthen USD, pressure gold prices, and often weigh on stocks. The tone of Fed communication is often more important than the decision itself.

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