3.28 No more asking whether Ethereum can bottom out; the trend has already provided the answer! Latest market analysis and thought reference
Ethereum's current price is 1980. This wave of Ethereum dropped from 2180 to 1979, truly engraving the phrase 'trend is king' on the chart. Previously, some people shouted for a new high at 2200, and others rushed to bottom fish at 2100, but the market taught them a harsh lesson. I indicated a southward signal from the end of the converging triangle, watching step by step as the target moved from 2120 to 2100, and now to 1979, with each step validating the judgment. In fact, trading has no mysterious science; it’s merely about understanding the structure, controlling your hands, executing the strategy, and leaving the rest to time.
The daily candlestick has given the clearest signal; this wave southward is not a pullback but a trending decline. After the price broke below the key support at 2100, all short-term moving averages turned downward, forming pressure. After the MACD death cross, the green bars continued to expand, and the lower Bollinger Band kept widening, with prices moving down along the lower band, showing no signs of stopping. The upper 2100 has become a stumbling block, making it difficult to rise back; the lower range of 1900 to 1950 is the first line of defense. If it breaks below, there will be deeper declines; on the daily level, it is clearly dictated by the southward trend.
The four-hour chart has clearly broken below 2100, completely opening up the southward space. All short-term moving averages have turned downward, firmly suppressing the price; after the MACD death cross, the green bars continue to expand, indicating that the southward pressure is still building, with no signs of stopping. The lower Bollinger Band is continuously widening, and the price is moving down along the lower band, with very weak rebound strength. The upper 2000 is the southward defense point, while the lower range of 1900 to 1950 is the first target. The four-hour level is completely dominated by the southward trend.
Short-term reference: (Actual trading data has been updated; for details, consult the author)
Southward from 2000 to 2050, stop loss at 2080, target looking at 1950 to 1900, after breaking, look at 1740
(Optional) Northward from 1900 to 1950, stop loss at 1880, target looking at 2000 to 2050
Specific operations should be based on real-time market data. For more information, details can be consulted with the author. There may be delays in article publication; suggestions are for reference only, and risks are borne by oneself.
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