Follow up on the trend analysis of $ETH :
Today's trading volume is approximately 599 million, which is at a medium to high level. The volume-price relationship is still relatively healthy, and there is no obvious divergence, indicating that market sentiment is quite rational.
Looking at the 4-hour level, the price is being pressed by a descending trend line, which is the first hurdle for a short-term rebound. Although the daily MACD has turned from negative to positive, it is moving relatively flat, showing no significant upward momentum, indicating that the strength for rising is still not quite sufficient. RSI is hovering around 50, a neutral position, capable of moving up or down.
Ethereum spot ETF has seen a net outflow for six consecutive days, with 8.5 million USD flowing out again on March 25, totaling a net outflow of 447 million USD. This indicates that some institutions have a cautious short-term attitude, reducing their exposure to ETH.
Upper resistance: 2200-2230
Lower support: 2080-2050
Based on the current trend, a buy can be made at the lower level to catch a rebound.
Preparing to buy around 2090-2060, with a stop-loss set near 2040, adjusting the layout according to market trends!
