3.21 Ethereum Analysis



From the 1-hour chart perspective, after the price surged in the short term, it shows signs of stagnation at higher levels. The area around 2176 above forms obvious resistance pressure. Multiple rebounds failed to break through this range, with bullish momentum gradually weakening.

The current candlestick shows a high-level oscillation and decline pattern. The short-term moving average system has turned downward, and the price is trading below the key moving average resistance band, with bearish forces beginning to dominate. Meanwhile, recent rebound volume is insufficient, lacking sustained buying support. Subsequently, the price will likely retest the 2140-2130 support zone. After breaking this level, it may further decline to the 2116 low. Overall, the trend is bearish.

Trading Suggestion: Short range 2180-2210, Target 2100-2000.

$BTC $GT $GT
BTC-0,71%
GT0,29%
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