3-20 Morning Analysis Follow the Trend, Short at High Levels

Ethereum's short-term momentum continues to weaken, with prices diving significantly intraday, breaking through the 2100 level at one point. The daily chart has completely retraced the gains from recent days, and the bullish trend has completely reversed. Any short-term rebounds are traps for bulls. Operationally, we should firmly follow the trend and focus on shorting.

On-chain activity continues to remain sluggish, with Gas fees and burn rates declining, weakening the deflationary logic. Combined with ETF fund outflows and whale selling pressure becoming apparent, market bullish confidence has collapsed, and rebounds lack volume support. The downside space is further opening up. At current price levels around 2146, weakness persists with oscillation, and upper resistance is concentrated. Following the trend to short at high levels is the main strategy!

Operation Suggestions
Short in batches around 2150-2170, with downside targets around 2050-2100. On breakdown, continue watching for 2060.