3.16 Cryptocurrency Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference

First, let's look at the 4-hour level. A relatively obvious long upper shadow has appeared here, with the high reaching 2117.86, and then it was pressured back down. This indicates that the integer level of 2150 above is now a hard barrier, with selling pressure being very concentrated. It will still be under some pressure to push through directly in the short term. Looking at the daily chart, the closing price has firmly stayed above 2100 for three consecutive days, but the price has not effectively broken through the previous high of 2133. Highs are decreasing while lows are increasing, forming a preliminary ascending triangle at the daily level. This is a typical consolidation pattern, and we will see which direction it breaks out next.

In terms of indicators, the 4-hour MACD has already shown a death cross, with DIF crossing below DEA, indicating that short-term momentum is starting to weaken. The MACD histogram at the daily level is also shrinking, indicating that the upward force in the larger cycle is weakening. For moving averages, the price at the 4-hour level has fallen below EMA7, currently at 2098.35, which has become short-term resistance. Where is the support below? First, look at the 4-hour EMA30, around 2060, which is the short-term dynamic support level.

Lastly, I want to remind everyone to pay attention to a change in trading volume. The 4-hour candlestick at 8 PM on March 13 showed a huge volume, with a single transaction volume of 230,000 ETH. Now, the 4-hour trading volume has only 24661 ETH left, which has shrunk by 63% compared to the peak, indicating a significant contraction in volume. In this state of low volume, it is difficult to sustain a price increase.

So overall, it is currently a situation of 'pressure above, support below, and shrinking volume.' In the short term, it is likely to oscillate around the range of 2077 to 2150, waiting for a directional choice. During this time, caution is advised for the upward movement, and short-term traders should pay attention to the support situation at the lower end of the range. Follow Mr. Coin to grasp the market rhythm in real-time.

3.16 Ethereum Short-term Reference:

2115-2155 range, defend at 2380, target below 2080,

2040-1990 range, stop loss at 50 points, target above 2070,

Message sending may be delayed; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgment, be sure to manage your take-profit and stop-loss effectively for security #BTC #Meta计划裁员 #Aave换币风波 #ETH🔥🔥🔥🔥🔥🔥 #ETH（二饼）