3.30 Ethereum Morning Analysis



A new week begins. Good morning everyone. Currently, Ethereum is trading around 2004. After experiencing a slight decline on the hourly chart and a minor rebound correction, the overall structure remains weak. The rebound strength is clearly insufficient, making it difficult to reverse the bearish trend.
The current price continues to stay below multiple short- and medium-term moving averages. Both short-term and medium-term trends are bearish. Market bullish sentiment is low, and buying momentum is weak. The MACD indicator shows bearish momentum dominance, with no clear signs of stabilization or reversal. The price repeatedly tests the key support level. If it breaks below this support zone, the downward space could further open up.

Trading Suggestions
Gradually short around 2020-2040, with targets near 1900-1950.
ETH2,78%
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