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

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 low, showing a long upper shadow indicating heavy selling pressure above. Previously, continuous small-bodied K-lines appeared, with the market in a weak oscillation state, failing to achieve effective rebounds. The daily chart shows consecutive volume-expanding large bearish candles (March 18th and 19th) confirming a strong downtrend. The latest daily K-line (March 20th) forms a doji pattern with shrinking volume, indicating shortened-term downward momentum has slowed, and the market is entering consolidation or hesitation phase, though the overall trend remains bearish.

From 4-hour technical indicators: MACD DIF line and DEA line both run below the zero axis, with DIF line continuously below DEA line, MACD histogram showing negative values and continuously expanding, indicating the market is in an obvious bearish trend with strong downside momentum. RSI value is 39.84, below 50, showing the market is in a weak zone. RSI previously briefly touched oversold territory (35.03), then rebounded somewhat but failed to sustain, currently still not in oversold territory, indicating downside space may still exist. Short-term EMA7 (2153.40) and mid-term EMA30 (2189.06) both form resistance above price, with EMA7 already crossing below EMA30, forming a death cross. Long-term EMA120 (2114.91) is currently below price, providing potential support, but the overall moving average system shows bearish arrangement, confirming the downtrend.

Trend Characterization: The current 4-hour level belongs to a technical rebound phase within a mid-term downtrend: bearish forces still dominate (MACD death cross, price broke middle band), short-term exists technical rebound demand (KDJ golden cross, RSI oversold rebound), overall presenting a weak structure of "decline-repair-further decline."

Key Levels:

Resistance: 2223 (Bollinger middle band), 2300 (previous dense trading zone), 2385 (this round's high)

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

Ethereum Trading Recommendations:

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

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