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3-20 Ethereum Midday Analysis
From the 4-hour chart perspective, Ethereum's overall bearish structure remains unchanged. The 2200 key pivot has been tested, and after a precise retest of support last night, the rebound lacks strength with weak bullish follow-through.
This position is a critical defensive line for bears. Once effectively broken down, it will directly open downside space and continue the one-sided bearish trend. Even if there's a short-term rebound, it should only be viewed as oscillation correction, with shorting on rallies as the main strategy.
Strong resistance concentration is around 2210 above. Rebound resistance is the optimal shorting point. Do not chase shorts or catch falling knives; using rebound tests for shorting as the core approach.
Operation Suggestions
Batch shorts in the 2150-2170 range, targeting the 2050-2080 area downside