📣3/20 Ethereum Trend Detailed Analysis and Stable Operation Recommendations:

Yesterday's short position closed with profit again! Before this, I have emphasized many times that the current Ethereum trend remains bearish! The 4-hour K-line is bearish, with the closing price near the lowest point and a long upper shadow, indicating heavy selling pressure above. Previously, consecutive small-bodied K-lines appeared, with the market in a weak oscillation state, unable to mount an effective rebound. The daily chart shows two consecutive large-volume bearish K-lines (March 18 and March 19) confirming a strong downtrend. The latest daily K-line (March 20) shows a doji pattern accompanied by shrinking trading volume, indicating that the short-term downward momentum has slowed somewhat, with the market entering a consolidation or hesitation phase, but the overall trend remains bearish.

From the 4-hour technical indicators: MACD DIF line and DEA line are both running below the zero axis, with the DIF line continuously below the DEA line, MACD histogram showing negative values and continuous expansion, indicating the market is in a clear bearish trend with strong downward momentum. RSI value is 39.84, below 50, suggesting the market is in a weak zone. RSI previously briefly touched the oversold area (35.03), followed by some rebound, but failed to sustain, currently not yet entering oversold territory, indicating that further downside space may still exist. Short-term EMA7 (2153.40) and medium-term EMA30 (2189.06) are both above price forming resistance, and EMA7 has crossed below EMA30, forming a death cross. Long-term EMA120 (2114.91) is currently below price, providing potential support, but the overall moving average system is in bearish alignment, confirming the downtrend.

Trend Qualification: The current 4-hour level belongs to a super-oversold rebound phase within a medium-term downtrend: bearish forces still dominate (MACD death cross, price breaks midline), short-term technical rebound is needed (KDJ golden cross, RSI oversold recovery), overall showing a weak structure of "decline-repair-decline again."

Key Price Levels:

Resistance Levels: 2223 (Bollinger midline), 2300 (previous dense trading zone), 2385 (current cycle high)

Support Levels: 2065 (Bollinger lower band), 1906 (previous low)

Ethereum Operation Recommendations:

It is recommended to enter short positions around 2140-2160 on Ethereum, with target levels: 2110-2080-2050! Stop loss placed above 2200.

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