March 19 ETH Market Analysis



Current Price: 2198, 24-hour decline -5.80%, intraday low tested at 2153, high touched 2350
Short-term stabilization after decline, but mid-term still suppressed by long-term moving averages, representing a weak recovery phase after a sharp drop

Volume: Current Vol=997, MA(5)=1546, MA(10)=2129. Volume increased during the decline (huge red candle appeared when testing bottom at 2153), but volume continuously shrank during rebounds, indicating selling pressure has been partially released, however buying power is insufficient with rebounds lacking sustained fund support.

Operation Suggestion: Go short on rebounds to 2220-2248
Target 2170-2153#Gate13周年全球庆典 #Gate广场AI测评官 $ETH
ETH-6.37%
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GateUser-88c80088vip
· 6小時前
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