Cryptocurrency Scholar: On March 27, Ethereum 2180 goes south for realization! How to accurately seize this wave of shorts? Latest market analysis and strategic reference
Ethereum's current price is 2040. The recent trend of Ethereum has completely unfolded as we predicted. From a high of 2385, it fell back to consolidate in a converging triangle, then to a layout at 2180 going south. Now the price has dropped to around 2040, precisely hitting the target levels from 2120 and 2100 to 2040. Many friends have been chasing highs and cutting losses during the fluctuations; fundamentally, they did not understand the structure. This wave of market movement has been pointing south from the beginning, but most people were confused by short-term volatility and missed out on certain profits. Now the trend has become clear, and the upcoming layout must be stable, precise, and ruthless.
The daily K-line has given the clearest signal that this wave of decline is not a correction but a trend move downwards. After the price broke below the key support of 2100, all short-term moving averages turned downward, forming pressure. After the MACD death cross, the volume continues to expand, indicating that the northward move has given up resistance. The lower band of the Bollinger Bands continues to widen, and the price is moving down along the lower band with no signs of stopping. The upper pressure level of 2120 is insurmountable, while the first target level below is 1980, and the daily southward space is still opening up.
The four-hour chart has broken below the support at 2100 of the converging triangle, confirming the downward breakout, and the shift direction is completely pointing south. The price is under pressure below the MA20 and MA30 moving averages, and the short-term moving averages are arranged for a southward move. After the MACD death cross, the green bars continue to expand, with DIF and DEA synchronously moving downwards, indicating ample southward momentum. The Bollinger Bands are opening downward, and the price is running along the lower band, with a clear downtrend. The upper pressure level of 2100 is a short-term resistance level, while the first support level below is 1980, and the four-hour southward trend will continue.
Short-term reference: (Practical data has been updated; please consult the author for details)
Going south from 2080 to 2100, stop loss at 2120, target seen at 2000 to 1980.
Going north from 2000 to 1980, stop loss at 1960, target seen at 2050 to 2080.
Specific operations should be based on real-time market data. For more information, please consult the author. There may be delays in article publication; suggestions are for reference only, and risks are to be borne by the reader.
