3.10 Morning ETH Market Analysis


The daily and 4-hour cycles are resonating, indicating that the rebound momentum has significantly weakened. After spiking to 2199, the price faced resistance and pulled back. Currently, it is consolidating weakly around 2015, with further adjustments still needed below.
Structurally, the range within the box remains in a sideways, slightly bearish trend until it is broken; if the key support level is lost, the downward space will open further. Over the weekend, the market mainly experienced oscillation and correction. This round of rebound is nearing its end. In terms of trading, prioritize short positions on rallies.
Trading suggestion: Short in stages within the 2025-2045 range, with a target down to 1900, and strictly set stop-losses.
ETH2.84%
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