3.27 Ethereum Morning Market Analysis



Ethereum experienced a sharp decline yesterday, with the daily chart completely giving back all gains from the previous days. The bullish trend has been reversed, and the moving average system has turned downward, forming a bearish alignment. Market sentiment has weakened, establishing a short-term bearish pattern.

The hourly and four-hour charts are both under downward pressure. The 2100 level has shifted from support to strong resistance. Rebounds have repeatedly been met with resistance and fallen back. Trading volume continues to shrink, and bulls are unable to mount a strong counterattack. Short-term bears dominate, with sufficient downward momentum, posing a risk of further breaking below the 2000 psychological level.

Trading Suggestions
Gradually short around 2080-2100, with targets near 1950-2000.
ETH-3.19%
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