3.20 Ethereum Analysis



From a technical perspective, ETH is currently weakening in sync with BTC, with price trading below short-term moving averages. The moving average system is in a bearish alignment, and the downtrend is clear.

Rebound strength continues to be weak, consistently failing to break above the resistance of the previous downtrend channel, forming a typical pullback continuation pattern. Meanwhile, the KD indicator has entered the overbought zone at high levels, intensifying pullback pressure. If key support levels below are breached, it will further open downside space.

Overall, the current rebound lacks sustainability, and arranging short positions on rallies remains the more optimal strategy.

Operation Suggestion: Short 2180-2210, Target 2100-2050.$BTC $GT $ETH
BTC-0.26%
GT-2.01%
ETH-2.43%
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