Coin Circle Liying: March 29 Ethereum ETH In-Depth Analysis: Bollinger Bands Choking Oscillation, Under the Long and Short Meat Grinder Market, is it a rebound or a crash?

　　Family! Ethereum's recent extreme corrective movement of surging and then retreating low-level oscillation: repeatedly rubbing between the 1970 to 2070 range, forming a very narrow converging triangle in the Bollinger Bands. Currently, the bulls are firmly defending the support near the lower Bollinger Band at 1972, while the bears are applying pressure in layers around the 2100 range. Liying asserts that the short-term long and short game has entered the white-hot phase, and the breakout direction of the Bollinger Bands will determine whether ETH rebounds dramatically or accelerates its crash!

　　The current price at 2024 is running below the middle line of the Bollinger Band at 2011, close to the lower line at 1949, with the short-term bearish power taking the lead, but the support at the lower line is extremely resilient, having been tested multiple times recently without effective breakdown. If it breaks through the upper line at 2073, it will open up upward space to 2150; if it breaks the lower line at 1949, it will accelerate downward to 1850, the previous low point. The short-term moving average MA has formed a dead cross, and the moving averages are showing a downward divergence, directly suppressing the price. MACD bearish momentum is diminishing, and DIF continues to operate below DEA, indicating that bearish power is exhausting, and bullish rebound demand is heating up.

　　Short-term Practical Strategy (Liying personally teaches, accurately targets market conditions)

　　Long Position Strategy: Stabilize above 2073 to go long, stop-loss at 2050, target at 2150 aiming for 2200

　　Short Position Strategy: Effectively break below 1950 to short, stop-loss at 1980, target at 1850 aiming for 1800

　　Risk Warning: Cryptocurrency is highly volatile; strategies are for reference only and should be combined with your own risk tolerance for operation, with strict stop-losses!

　　Note: The above analysis is solely derived from technical logic by Liying and does not constitute investment advice. The market has risks, and investment should be done cautiously.

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