3.29 Crypto Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference
Ethereum's intra-day low has risen to around 2049 under pressure, and the trend has been hovering around the 2000 line. Overall, the trend is weak, and if the low support is broken, there is a risk of further testing the 1900 line. I hope everyone is prepared in advance.
From the perspective of the short-term four-hour chart, the trend is operating in the middle to lower track area, with the Bollinger Bands in an opening posture. Currently, the upward momentum is not strong, and in the short term, the upper pressure is focused on the 2050-2070 range. If it cannot break through and stabilize today, there is a risk of the price going lower. The current trend maintains a weak consolidation. If the trend breaks downwards, consider lightly following with short positions. Our short-term thinking remains cautious, mainly focusing on rebounds.
3.29 Short-term Reference for Ethereum:
Range 2095-2065, protect 2280, target below 2020,
Range 1960-1910, stop loss 50 points, target above 2000,
Sending messages may have delays, and the strategy advice is for reference only. The market changes rapidly, so regardless of how high your judgment of the market is, be sure to carry stop-loss orders and take profits to ensure safety.
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