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

The current price of Ethereum is 1985. The daily chart has not been looking good these past two days, with consecutive bearish candles. In the last two days, the candlestick pattern has formed a very clear double top structure, with highs around 2171 and 2075. Once the double top appears, the bearish momentum rises. Yesterday's candlestick was even more interesting, as it tested downwards with a long lower shadow, hitting a low around 1958, indicating that there is buying support below. However, whether this support can hold still needs further observation. Switching to the hourly chart, the current price is basically fluctuating between 1970 and 1996, with no clear direction. However, note that at 4 AM today, a single needle bottom was formed on the hourly level, with a low of 1979, suggesting that short-term support below is beginning to strengthen.

In terms of indicators, the daily MACD has confirmed a death cross, with the DIF and DEA values at -1.2 and 10.5 respectively, and the histogram has also turned negative, indicating that the bearish momentum at the daily level has not been fully released. However, a signal has appeared at the hourly level—MACD has just formed a golden cross with values around 4. Although the strength is not strong, it at least indicates a demand for a rebound in the short term. The moving average system is still in a bearish arrangement, with the price being pressed down by all EMA moving averages, with 7, 30, and 120 all above it. The position at 1986 on the hourly chart is particularly critical, as EMA7 is right there; for the price to move upwards, it must first stabilize above this line. Overall, the larger cycle is still dominated by bears, but the smaller cycle has shown some rebound signals. Whether it can rise depends on whether the position at 1986 can be effectively broken and stabilize above 2000.

3.28 Ethereum Short-term Reference:

2095-2065 range, defend 2280 to add, target below 2020,

1960-1910 range, stop loss 50 points, target above 2000,

The chapter sends with a delay, and strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment and grasp of the market are, be sure to manage your take profit and stop loss well, securing profits. #BTC行情 #ETH #ETH（二饼） #Tether审计