Cryptocurrency Scholar: On March 30, Ethereum lost and regained the 2000 mark, but is the bullish momentum insufficient? Latest market analysis and thought reference
The current price of Ethereum is 1995, and the trend is actually very clear, which is a brief consolidation after a wave of decline. Friends who followed the idea to short at high positions have basically made good profits. Now many people are starting to feel anxious; as soon as they see a small rebound, they can't help but enter the market, which can easily lead to being trapped. Remember, do not easily go against the trend before it changes, observe more and act less, and wait for clear opportunities before taking action.
The daily high has effectively broken below the 0.786 Fibonacci retracement level of 2425, and is currently running above the 100% retracement level of 1736. MA20, MA30, and MA60 are arranged downward, and the price continues to be pressured below the short-term moving averages, with significant moving average suppression effects. After the MACD death cross, although the green bars have decreased, the DIF and DEA are still running below the zero axis, and the downward momentum has not been fully released. The downward trend at the daily level is clear, with 1736 being the key support level below.
The four-hour price continues to be pressured below the MA20 and MA30 moving averages, and the short-term moving averages are arranged downward, creating layers of pressure on the price. A rebound to around 2020 meets resistance and falls back, confirming the effectiveness of the pressure above. After the MACD death cross, although the green bars have decreased, the DIF and DEA are still running below the zero axis, and the downward momentum has not been fully released; the Bollinger Bands are opening downward, and the price is oscillating near the lower track, with no clear signal of stopping the decline. The downward trend at the four-hour level will continue, with 1950 being the short-term key support below.
Short-term reference: (Practical data has been updated; consult the author for details)
The upper range from 2050 to 2020 is downward, stop loss at 2070, target looking at 1980 to 1950, after breaking look at 1740
(Alternative) The lower range from 1950 to 1980 is upward, stop loss at 1930, target looking at 2050 to 2020
Specific operations are based on real-time market data. For more information, you can consult the author. The publication of the article may be delayed, and it is recommended for reference only; risks are borne by yourself.
