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March 15th Market Analysis
Weekend price action is likely to remain range-bound overall, with reduced trading volume. Yesterday's price continued to oscillate around 2100, pulled back to around 2060 and began a modest rebound. This morning's volume is even lower than yesterday... However, generally in the afternoon, some institutions will anticipate next week's market trend, and price action will start to initiate movement.
Currently, price remains unable to break out of the oscillation range. Short-term support below is at 2000; if the range fails to break down, the probability of a price rebound increases. Short-term resistance above is at 2200; if it breaks through and holds, there will be additional upside potential above... The operating strategy remains to look for pullback positions to go long.
Today's trading suggestion: Focus on buying on dips
ETH First support level: 2060, Second support level: 2020
First resistance level: 2140, Second resistance level: 2200
Disclaimer: Personal suggestions are for reference only and do not constitute trading basis. Trading carries risk; always place stop-loss orders when opening positions.