3.19 ETH Analysis



ETH completed a key breakdown yesterday evening. The 2320-2357 oscillation range that was previously maintained by moving averages was pierced through by consecutive large bearish candles. The long position defense line completely collapsed, with the lowest exploration reaching 2151.68, and bearish momentum released in concentration.

After the breakdown, price has consistently traded below all moving averages. Short, medium, and long-term moving averages show a clear bearish alignment, continuously suppressing bounces. Each minor rally quickly encounters resistance and falls back. Long-side counterattack strength is extremely weak, and bargain hunters are clearly cautious as selling pressure continues to release.

The previous oscillation platform has converted from support to strong resistance. There is no effective technical support below to base on, and the downtrend channel has completely opened up. The short-term trend is clearly downward, with bounces serving as windows for high-altitude positioning. The market still has room for further downside exploration.

Trading Suggestion: Short 2230-2260, Target 2150-2100.$ETH $GT
ETH-6,84%
GT-4,58%
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