March 28 Double Bottom Analysis

The 1-hour chart shows a sharp decline followed by a weak rebound pattern after a bottoming out. From the high of 2199, it fell to a low of 1970.93, completing a quick short-term dip. Currently, the price has slightly rebounded to around 2000, facing resistance at the Bollinger Band middle line at 1991, and remains within a downward channel overall.
Technical: The Bollinger Bands are opening downward, with the price trading below the middle band, indicating a clear bearish trend; the KD indicator is turning from low levels, suggesting a short-term correction is needed, but the momentum is weak.
Key levels: Resistance at 2000–2020, support at 1980–1970. In the short term, the trend is slightly volatile and weak. If the rebound does not break 2020, maintain a high short position; if it stabilizes above 1980, consider small long positions for short-term trading. A break below 1980 indicates a continuation toward new lows.

Trading suggestion: 2030–2060 range, target 1950–1850. $ETH $GT