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ETH Morning Session Fails to Break Above 2200, Three Volume Surges Unsuccessful, Confirm Breakout Before Following (March 16)
Ethereum surged sharply in early trading, once again testing the key resistance level of 2200. Recent multiple attempts by bulls with increased volume failed to establish a stable position above this level, indicating concentrated selling pressure and increased difficulty in breaking through. The current market is at a critical juncture for bulls and bears, with volume being the core signal for determining direction.
Operationally, maintain patience and avoid chasing highs blindly:
If subsequent price action shows volume-confirmed stability above 2200 with synchronized price-volume strength, follow the momentum and go long; if it continues under pressure with declining volume, be vigilant against potential pullbacks to support levels. Strictly control position size and wait for a clear breakout signal before taking action.
$ETH #加密市场上涨