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

Yesterday's short position exited profitably again! Before this, I have emphasized many times that the current Ethereum trend remains bearish! The 4-hour K-line is a bearish candle with closing price near the lowest point and a long upper shadow, indicating heavy selling pressure above. Previously, continuous small-bodied K-lines appeared, with the market in a consolidation and weak state, unable to mount an effective rebound. The daily chart shows two consecutive large bearish candles with volume expansion (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 short-term downtrend 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 both run below the zero axis, with the DIF line continuously below the DEA line, MACD histogram showing negative values and continuously expanding, indicating the market is in a clear bearish trend with strong downward momentum. RSI value is 39.84, below 50, indicating the market is in a weak zone. RSI previously briefly touched the oversold zone (35.03), followed by a rebound, but failed to sustain it; currently still not entering oversold territory, suggesting further downside space may still exist. Short-term EMA7 (2153.40) and medium-term EMA30 (2189.06) both form resistance above price, and EMA7 has crossed below EMA30, forming a death cross. Long-term EMA120 (2114.91) is currently below price, constituting potential support, but the overall moving average system is in bearish arrangement, confirming the downtrend.

Trend Characterization: The current 4-hour level belongs to an oversold rebound phase within a medium-term downtrend: bearish forces remain dominant (MACD death cross, price breaking the midline), short-term technical rebound demand exists (KDJ golden cross, RSI oversold recovery), overall presenting a weak structure of "decline-correction-further decline."

Key Price Levels:

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

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

Ethereum Operation Suggestions:

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

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