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

Ethereum's short-term weakness continues, with the intraday price diving sharply and briefly breaking below the 2100 level. On a daily timeframe, all gains from the previous days have been completely erased, and the bullish trend has completely reversed. Any short-term rebounds are bull traps. In terms of operations, firmly follow the trend and focus on shorting.

On-chain activity remains depressed, with gas fees and burn volume declining, weakening the deflationary logic. Combined with ETF outflows and selling pressure from whales, market bullish confidence has collapsed. Rebounds lack volume support, and downside space opens further. The current price near 2146 is showing weak consolidation with dense resistance above. Follow the trend and short at higher levels primarily!

Operation Suggestions
Short in batches near 2150-2170, with downside targets around 2050-2100. If support breaks, continue watching 2060.