3.30 ETH Market Analysis


Today, Ethereum showed short-term strength, successfully touching the upward trendline, but encountered resistance at the Vegas channel and rebounded, with limited upward momentum.
Key Resistance: Clear pressure at 2110 above
Trading Direction: Short
Entry Point: 2083 (near the upward trendline + Fibonacci 0.5 level)
Stop-Loss: 2120 (above the resistance level)
First Target: 2010 (weak support below)
Adding Rules
If the hourly candlestick body effectively breaks below 2010, add 30% of the current position (not total funds). After adding, immediately move the stop-loss to break-even to lock in profits and strictly control risk.
Market Outlook
Below 2010 is an acceleration zone for bears. If the price continues to break down without further decline, the next support range is 1966–1906.
Monthly Perspective
As the monthly close approaches, BTC is likely to close in the red; ETH may close in the green, but the pattern is a shooting star candlestick, which is a bearish reversal signal. The price failed to stay above the upward trendline, so the outlook remains downward. $ETH
ETH-1,38%
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