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March 19 Ethereum Price Analysis
Current Price: 2198, 24-hour decline -5.80%, intraday low tested at 2153, intraday high touched 2350
Short-term stabilization after decline, but medium-term remains suppressed by long-term moving averages, representing a weak recovery phase after a sharp drop
Trading Volume: Current Vol=997, MA(5)=1546, MA(10)=2129. Volume increased during the decline (massive red candle appeared when testing bottom at 2153), but volume contracted during the rebound, indicating selling pressure has been released in phases, yet buying strength is insufficient with lack of sustained capital support for the rebound.
Trading Recommendation: Short entry on rebound to 2220-2248
Target 2170-2153#Gate13周年全球庆典 #Gate广场AI测评官 $ETH