📊 March 4 ETH Technical Analysis (Until 18:00)

Current Price: approximately $1,980, correlated with BTC fluctuations, bulls and bears are at a stalemate

1. Key Price Levels (Intraday)

- Resistance: 2,000 → 2,030 → 2,070 (Strong resistance)
- Support: 1,950 → 1,920 → 1,870 (Strong support)

2. Cycle Structure

- Daily Chart: End of downtrend channel, weak rebound correction; long-term moving averages are in a bearish arrangement, medium-term slightly bearish
- 4-Hour Chart: Converging triangle consolidation, awaiting breakout direction; MACD bearish momentum weakening, showing rebound demand
- 1-Hour Chart: 5/10/20 moving averages are converged; RSI 45–50 neutral, bulls and bears are balanced

3. Indicators and Volume

- MACD: Daily chart shows a bullish crossover below zero but price has not made a new high, indicating a technical rebound correction, not a trend reversal
- Volume: Rebound with low volume, decline with increasing volume, lacking new capital, rebound sustainability is weak
- Sentiment: Linked with BTC, ETF funds are cautious, no independent driving force

4. Intraday Strategy (For reference only, not investment advice)

- Primarily short: Light short on rebound at 2,000–2,030, stop loss at 2,050, targets at 1,950 → 1,920 → 1,870
- Supplementary long: Light long on pullback at 1,920–1,950, stop loss at 1,900, targets at 1,980 → 2,000
- Breakout handling:
- Volume breakout above 2,070 → exit short positions, observe or lightly long
- Valid break below 1,920 → accelerate downward to 1,870 → 1,800

5. Market Outlook (1–2 weeks)

- Most likely: Range-bound between 1,800–2,100, awaiting BTC halving and Federal Reserve decision
- Break above 2,100 → target 2,150 → 2,350
- Break below 1,800 → target 1,700 → 1,600