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3/12/eth
Market Analysis
Overall Trend: Volatile downward movement, bears are dominant. Price has been steadily declining from a high level (around 2080), a large bearish candle broke below support after 06:00, and although there was a slight rebound after 09:00, the overall center of gravity shifted downward, indicating that the bearish momentum has not weakened.
Key Levels:
Resistance Level: 2070-2075 (previous consolidation resistance, easy to encounter resistance during rebounds).
Support Level: 2041 (intraday low). If broken, it opens up further downside space.
Trading Guide
Entry: Wait for a rebound to the 2060-2065 range. If an upper shadow or small bearish candle appears, confirm resistance is effective before entering.
Target: First target 2040. If broken, look for the next support level to be short.