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March 20th ETH Morning Analysis
The short-term bullish trend for ETH has emerged, and there is a demand for a pullback during the day. It is no longer advisable to blindly chase the rise. The main strategy should be to buy on dips in the short term. The short-term support is at 1950 and the short-term resistance level is at 2069, with strong resistance at 2130. This is just a rebound market, not a reversal, and the overall trend remains bearish.
[Trading Strategy]
Long position: Buy near 1955 on a pullback, stop loss at 1910, take profit at 2130, 2230.
Short position: Tentatively short around 2230, stop loss at 2270, take profit at 2000