3-20 Morning Analysis: Follow the Trend, Short at High Levels

Ethereum's short-term weakness continues, with the price diving sharply intraday and breaking through the 2100 level, completely retracing the gains from the previous days on the daily timeframe. The bullish trend has completely reversed, and any short-term rebounds are bull traps. Operationally, maintain a firm stance of shorting in line with the trend.

On-chain activity remains subdued, with Gas fees and burn volume declining, weakening the deflationary logic. Combined with ETF net outflows and whale selling pressure emerging, market bullish confidence has collapsed, and rebounds lack volume support. The downside space has further opened up. At current price levels around 2146, the market shows weak oscillation with dense resistance above. Follow the trend and short at high levels primarily!

Operational Suggestions
Short in batches around 2150-2170, with targets around 2050-2100 below. If broken, continue to look down to 2060.