3.27 Ethereum Morning: Bearish dominance remains unchanged, rebound to follow the trend and establish short positions



Ethereum plunged significantly yesterday, retracing all gains on the daily chart. The bullish trend has reversed, moving averages have turned downward, forming a bearish alignment, confirming a short-term weak market.

Both the hourly and four-hour charts are under pressure. The 2100 level has shifted from support to resistance. Rebounds repeatedly face resistance, trading volume has decreased, and bulls are unable to mount a strong counterattack. Bears are in control, with a risk of breaking below the 2000 level.

Trading suggestion: Short in batches around 2080-2100, with targets near 1950-2000.
BTC-3.59%
ETH-3.44%
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