3.20 Afternoon Market Briefing: ETH Spot ETF Continues to See Outflows, Market is Cautiously Observing, but Opportunities are Quietly Brewing!

Last night, ETH saw a short-term surge, XRP skyrocketed by 11% due to the Federal Reserve's withdrawal of the lawsuit, and SOL also rose strongly by 5%! The Federal Reserve made it clear that there will be 2 interest rate cuts this year, and market sentiment has warmed up somewhat.

Binance optimizes its listing mechanism, allowing users to choose which tokens to list, making trading more transparent, and bringing positive news to the market.

Support Level: $1947 (0.618 Golden Ratio)

Resistance Level: $2068 (Three unsuccessful attempts)

If it falls below $2000 and stabilizes, go long and look for $2068, and add to positions at $1945!

If it breaks $2068 but does not stabilize, open a short position and look for $2000, and add to positions at $2100!

Short-term sideways fluctuations, possibly a buildup before a major movement!

ETF Fund Flow

ETH Spot ETF has seen outflows for 10 consecutive days, but institutions have differing views:

BlackRock: Outflow of 6680 shares

Fidelity: Outflow of 1040 shares

Grayscale unexpectedly saw an inflow of 5280 shares, indicating clear capital game!

ETH's spring may not have truly arrived yet, but capital is already quietly moving. Are you ready? #币安投票上币 #美SEC将放弃对Ripple的上诉 #XRP’ #Strategy增持比特币 #BNBChainDEX交易量超越Solana $ETH $XRP $BTC