Cryptocurrency Academy: Is a major drop coming on March 29? How should Ethereum, with its all-time high in open interest, save itself? Latest market analysis reference.

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2 days ago

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I am a scholar in the cryptocurrency circle, a warrior who has always been protecting the retail investors. I wish my fans financial freedom by 2025. Let's keep pushing forward together!

Scholar in the cryptocurrency circle: March 29, 2025, Ethereum (ETH) latest market analysis reference.

The current price of Ethereum is 1875. It is now 12:20 AM Beijing time. Can it hold above 2000? An objective fact is that the holding volume has reached an all-time high and continues to break historical records. It will be difficult for the main force to push the price up if these people are not shaken out. At this time, those with awareness are shorting Ethereum, including us. We have shorted all the way down, and it’s not a problem to multiply our profits several times. Don’t rush; the bottom has not yet been reached. While taking profits, leave a portion of the position to continue watching for previous lows. Never think about taking profits at the lowest point; just take profits at the pullback points.

The daily K-line has four consecutive downward candles. After breaking 2000, it will grind at the lower levels for a long time. The EMA continues to return to its original downward expansion trend. The EMA15 is about to break below the 2000 mark. The MACD continues to show a downward trend with increasing volume, and the DIF and DEA are contracting. The Bollinger Bands are contracting, and the K-line has reached the lower support of the Bollinger Bands above 1828. The KDJ is diving down, continuing the bearish momentum.

The four-hour K-line has broken the key support at 1885. The EMA trend continues to expand downward, maintaining the bearish momentum. The MACD shows a decrease in volume, and the DIF and DEA have not yet exited the energy indicators, indicating that there is still a high probability of hitting the lowest point of the year. The Bollinger Bands are expanding downward, with the K-line surrounding the lower band at 1875. The trend indicators have entered the oversold zone, and the fast and slow lines have diverged but have not yet entered extreme oversold territory. For now, the focus remains on shorting. Wait until the previous low is broken before considering bottom fishing; for now, the focus is on shorting.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first; small losses with big gains are the goal.

For northern positions, try entering between 1850 and the low 1800s, with a defense at 1750, stop-loss at 30 points, and targets looking at 1880 to 1910, with a breakout target of 1950 to 1980.

For southern positions, try entering between 1950 and 1970 short, with a defense at 2000 short, stop-loss at 30 points, and targets looking at 1900 to 1870, with a breakout target of 1850 to 1800.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the scholar in the cryptocurrency circle and represents the scholar's unique views. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The scholar in the cryptocurrency circle wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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