2024.3.18 Ethereum (ETH) Market Analysis Reference

The Ethereum market prediction made yesterday was very accurate, and I am very lucky to have made such an accurate prediction, but I also know that market trends are a complex issue. I spent a lot of time studying market trends and data to come up with that prediction. I used a combination of technical analysis and fundamental analysis to predict the Ethereum market. I carefully observed market trends, price patterns, and related news events to determine future trends.

I encourage everyone to share our market observations and analysis, learn from each other, and discuss. Everyone has unique insights and experiences, and through our exchanges, we can better understand market dynamics and improve our analytical abilities.

The Ethereum continuous accurate prediction articles have answers. The reference given yesterday was mainly short, with entry points at 3630 and 3740, and take-profit points at 3500 and 3450. Today's market has seen some changes, and support and resistance levels have also changed. Through comprehensive analysis, it is found that

Currently, the daily K-line is in a position biased towards the EMA trend indicator. The daily resistance level is near 3720, with support at 3500. The MACD is currently continuously decreasing in volume, and the K-line is pulling up slightly in the opposite direction, indicating a mild divergence. The KDJ is starting to converge, indicating limited downside space, and the bulls are starting to strengthen. The midline pressure level of the Bollinger Bands is not strong at 3705.

Looking at the four-hour K-line, the short-term trend within the day is expected to have a downward space. The MACD volume is starting to rise, but the K-line is falling, indicating that the market is currently in an extreme consolidation. The KDJ is being blocked from spreading upwards, and the midline of the Bollinger Bands at 3660 is under strong pressure. It is expected that the K-line will have a pullback before stretching.

In terms of strategy, it is suggested to focus on being mainly long at the lower end, with the first entry point at 3520 and the second entry point at 3460, with a stop loss at 3410. For the short strategy at the high end, it is suggested to focus on the first resistance level at 3700 and 3750, with a stop loss at 3800. Specific operations should still be based on real-time market data, and the suggestions are for reference only. Take your own risks.

This article is exclusively provided by the academician of the cryptocurrency circle and represents the academician's exclusive viewpoint. He has in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Reprinting requires attribution. Control your positions reasonably, and do not overexpose or fully expose your positions. The academician also hopes that investors understand that the market is always right. If you are wrong, you should summarize your own problems and not let the potential profits slip away. There is no need for investment to be smarter than the market. When the trend comes, follow it; when there is no trend, observe and be patient. Wait for the trend to become clear, and then it's not too late to act. Tomorrow's success comes from today's choices. The way of heaven rewards hard work, the way of earth rewards kindness, the way of people rewards sincerity, the way of business rewards trust, the way of industry rewards precision, and the way of art rewards heart. Gains and losses are all in the blink of an eye. Develop the habit of strictly setting stop-loss and take-profit for each trade. The academician wishes you a pleasant investment!

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