$ETH Cryptocurrency Academy Member: ETH on March 24 at 2160 grinding bottom and accumulating, rebound or reversal? These key levels determine the market direction! Latest market analysis and trading strategies for reference
ETH current price 2160. Before publishing, many brothers asked me whether we can chase after ETH rallied from 2020 to 2160. Is it about to reverse? Don't rush, let's break down the charts thoroughly. This northbound movement isn't an empty rally, but rather a result of oversold recovery combined with market sentiment resonance. However, the signals for trend reversal haven't fully materialized yet, and blindly chasing highs can easily lead to losses!
Daily chart hasn't broken key resistance. From the 1736 low, the rebound so far has recovered some of the previous losses, but structurally remains within the downward framework. Price rebounded to the Fibonacci 0.786 resistance at 2245 below, hasn't broken through the descending trendline since 2385, which is technical recovery after oversold conditions, not a trend reversal. MACD green histogram is narrowing with DIF about to cross above DEA, but still below the zero axis, indicating northbound momentum is still accumulating. Price has stood above MA20 and MA30, but MA60 at 2171 remains as overhead resistance. The downward moving average sequence hasn't been completely broken, and the downtrend in the major timeframe still dominates.
Four-hour short-term rebound, bull trap risks still exist. Short-term trend is clearer. Price rapidly rallied from the 2021 low, broke above the Bollinger upper band then pulled back, currently oscillating around 2160, which is typical of sideways consolidation after a sharp rally—a classic short-term rebound characteristic. After MACD golden cross, red histogram expanded slightly, but DIF hasn't firmly held above the zero axis. Key resistance above at 2245 Fibonacci level, support below at 2080 Bollinger midline. After consolidation in the range, direction choice is highly probable—at this moment, what to do is wait for the wind to come.
Short-term reference: (Real-time trading data updated, details consult the author)
If rallying from 2100 to 2120 northbound, stop loss at 2080, target 2160 to 2180. This is purely short-term momentum play, not a trend long position, must control position size.
If breaking down from 2180 to 2200 southbound, stop loss at 2245, target 2120 to 2100. If breaking below 2100, continue southbound to 2080 to 2050.
Actual operations should be based on real-time order book data. For more information details, you can consult the author. Article publishing has delays, suggested for reference only, risk at your own discretion. #加密行情震荡
$ETH Cryptocurrency Academy Member: ETH on March 24 at 2160 grinding bottom and accumulating, rebound or reversal? These key levels determine the market direction! Latest market analysis and trading strategies for reference
ETH current price 2160. Before publishing, many brothers asked me whether we can chase after ETH rallied from 2020 to 2160. Is it about to reverse? Don't rush, let's break down the charts thoroughly. This northbound movement isn't an empty rally, but rather a result of oversold recovery combined with market sentiment resonance. However, the signals for trend reversal haven't fully materialized yet, and blindly chasing highs can easily lead to losses!
Daily chart hasn't broken key resistance. From the 1736 low, the rebound so far has recovered some of the previous losses, but structurally remains within the downward framework. Price rebounded to the Fibonacci 0.786 resistance at 2245 below, hasn't broken through the descending trendline since 2385, which is technical recovery after oversold conditions, not a trend reversal. MACD green histogram is narrowing with DIF about to cross above DEA, but still below the zero axis, indicating northbound momentum is still accumulating. Price has stood above MA20 and MA30, but MA60 at 2171 remains as overhead resistance. The downward moving average sequence hasn't been completely broken, and the downtrend in the major timeframe still dominates.
Four-hour short-term rebound, bull trap risks still exist. Short-term trend is clearer. Price rapidly rallied from the 2021 low, broke above the Bollinger upper band then pulled back, currently oscillating around 2160, which is typical of sideways consolidation after a sharp rally—a classic short-term rebound characteristic. After MACD golden cross, red histogram expanded slightly, but DIF hasn't firmly held above the zero axis. Key resistance above at 2245 Fibonacci level, support below at 2080 Bollinger midline. After consolidation in the range, direction choice is highly probable—at this moment, what to do is wait for the wind to come.
Short-term reference: (Real-time trading data updated, details consult the author)
If rallying from 2100 to 2120 northbound, stop loss at 2080, target 2160 to 2180. This is purely short-term momentum play, not a trend long position, must control position size.
If breaking down from 2180 to 2200 southbound, stop loss at 2245, target 2120 to 2100. If breaking below 2100, continue southbound to 2080 to 2050.
Actual operations should be based on real-time order book data. For more information details, you can consult the author. Article publishing has delays, suggested for reference only, risk at your own discretion. #加密行情震荡