3.26 Ethereum Analysis

Price has fallen from highs, with a large bearish candle breaking directly below the MA7, MA30 moving averages and the Bollinger Band midline, simultaneously piercing the Bollinger Band lower band at 2150.25. The short-term bullish trend has been completely destroyed, moving averages have turned downward forming a death cross, and the Bollinger Band has expanded downward, with bearish momentum concentrated and released. Price has quickly retreated from the 2200.11 high, with extremely weak rebound strength, market bullish confidence has collapsed, short-term funds are fleeing en masse, and selling pressure continues to intensify.

The previous high-level consolidation range has been effectively broken through, with no obvious strong support levels below, leaving room for price to probe lower on inertia. Rebounds represent a window of opportunity for shorting.

Short-term trend has clearly turned bearish. It is recommended to establish short positions following the trend, with key focus on the support strength in the 2140-2130 range. If this support is broken, downside space will further open up.

Operation Suggestion: Short at 2180-2210, Target 2100-2000.$ETH $GT $BTC