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

Today, Ethereum has experienced a strong rebound, which is indeed quite impressive. However, upon closer inspection, the key resistance level at 2200 has not been broken. The price is now under pressure and has retraced, operating around 2160. This position is quite awkward, neither going up nor down. Until it breaks 3200, the upper space has not opened further, and there is still a psychological barrier + technical selling pressure above, so jumping in directly can easily get caught in the middle. Be cautious of price pressure and retracement,

In the short term, it is indeed in a consolidation phase. But there is a positive phenomenon - support is gradually rising, and buying strength from below is increasing. The short-term trend has not changed; the price has steadily stood above EMA7, currently operating above 2122, and EMA30 at 2130 has also been surpassed. The short to medium-term moving averages have formed a bullish arrangement, which is the basis for a stronger intraday trend. Currently, in this market, 2100 is the defensive bottom line for bulls. As long as the price can stabilize in this area and does not effectively break down, the next target will be to test the previous high of 2200. Intraday operation suggestions focus on retracement, with breakouts as a supplement. For support below, first look at around 2100, which is the lifeline for bulls. If 2100 cannot hold, then look at 2070 as the secondary support. For resistance above, pay attention to around 2200, which is a hurdle for the short term. In terms of operations, wait for a retracement to near the support level before entering, do not chase the price up. If the price can break through 2200 with volume and stabilize, then you can follow the trend with a light position. Follow Mr. Coin to grasp the market rhythm in real time.

3.24 Ethereum Short-term Reference:

2245-2295 range buy, defend at 2580, target below 2200,

2110-2060 range sell, stop loss at 50 points, target above 2160,

Message sending may have delays; strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment on the market is, be sure to manage your take profit and stop loss well, secure your gains #BTC #ETH🔥🔥🔥🔥🔥🔥 #ETH（二饼）