📣3/24 Detailed Analysis of Ethereum Trend and Discussion of Proper Trading Strategy:


  Yesterday's sell-side trades were affected by news impact, and the trend rose directly by 170 points, resulting in stop-loss orders being triggered on winning positions. No need to worry for friends who followed the operation, I will help you get back.
  From the analysis of Ethereum's price trend in the four-hour chart;
  On the daily level, a large bullish candlestick with massive volume appeared on March 23, indicating strong intervention from buyers. The rise continued on March 24, but the lack of volume suggests that the short-term bullish momentum may be weakening. On the 4-hour level, the price rebounded from the lowest point, and a medium bullish candlestick with volume appeared on March 24 at 12:00, but the following candlestick (March 24 at 16:00) has a smaller body and shrinking volume, which may indicate that the short-term rise is facing resistance or entering a consolidation period.
  Technical Indicators:
  MACD: On the 4-hour level, the DIF line has already crossed above the DEA line to form a golden cross, and the positive MACD line continues to expand, indicating strong short-term bullish momentum and an uptrend. RSI: The RSI14 value on the 4-hour level is 56.96, which is in a positive neutral zone, entering after the overbought zone, indicating there is room for further rise, but attention should be paid to whether the strength can continue. EMA: On the 4-hour level, the price is above EMA7, EMA30, and EMA120, and the moving average lines are in an upward order, indicating that short-term, medium-term, and long-term trends are all bullish. EMA7 (2143.26) and EMA30 (2135.38) constitute short-term support.
  Trading Volume:
  On the daily level, the large bullish candlestick on March 23 was accompanied by massive volume, confirming the validity of the uptrend. Trading volume on March 24 decreased compared to the previous day, attention should be paid to whether the volume can support the continued price increase. On the 4-hour level, massive volume accompanied by sharp price fluctuations appeared on March 23, and the price retreated afterward. The upside volume has decreased recently, attention should be paid to the risk of short-term pullback.
  Main Resistance Levels:
  Pay attention to the first resistance zone above 2192-2200 (where the previous peak and the upper band of the Bollinger Band intersect). If it can break through, we may see the 2300 line; if it encounters resistance and pulls back, pay attention to the 2100-2115 zone (middle band support).
  Trading Suggestions:
  It is suggested to enter buy positions near 2160-2170 for Ethereum, target points: 2200-2230. (Monitor in a timely manner whether the trend can rise and stabilize above 2250, if it cannot stabilize above 2250, consider selling at an appropriate time).
  The strategy has time effectiveness, and the strategy will be implemented mainly through free guidance!$BTC #BTC突破71000美元 #预测市场正在影响BTC走势? #加密市场回涨 #巨鲸爆仓440万美元 #美股三大指数集体收涨 $ETH $BTC $BTC ‌$GT
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