🇺🇸 #ETF FLOWS: BTC, $ETH and $SOL spot ETFs saw net inflows on Mar. 16, while $XRP spot ETFs saw net outflows. BTC: $201.62M ETH: $35.9M SOL: $2.82M XRP: - $5.98M #crypto

$ETH ETH Midday Analysis ETH plunged from today's high of 2384 to 2294, a drop of 90 points, with the 1H timeframe confirming CHoCH turning bearish. This morning's price action experienced typical liquidity sweeps—after sweeping liquidity above 2384, it reversed sharply. The large 1H bearish candle at 10:00 (dropping from 2350 to 2306) confirmed bearish control. Subsequently, price oscillated repeatedly in the 2294-2325 range, forming a triple bottom structure testing 2297 three times. Although the triple bottom held temporarily, each rebound high decreased (2329→2324→2317), indicating sustained weakening of bullish strength. On the 4H timeframe, the gains from the previous two 4H large bullish candles (2272→2351) have been retraced by nearly half. The current 4H candle is forming a long lower shadow (at low 2294), with extreme short-term disagreement between bulls and bears. The funding rate has turned negative at -0.000022 (shorts paying), indicating strong shorting sentiment but potential short squeeze rally in the short term. Currently, the 2317 level sits at the midline of the 15M descending channel. Above, 2325 and 2335 are strong resistance levels, while below, the 2294 triple bottom is the last line of defense. Overall Assessment: 1H bearish trend established, 4H bullish trend damaged but not completely reversed, short-term bias is bearish oscillation. Operationally, use rallies to short as the primary strategy with dips to long as secondary strategy, strictly control position sizes.

ETH Market Card Current Price: $2328 24h Change: +8.2% 🔼 Resistance: $2380 / $2400 🔽 Support: $2320 / $2300 Market volatility, watch the key levels! 🐎📈