Crypto Circle Academician: On March 16, Ethereum's trend re-entered the descending channel, and a bear market counterattack is imminent! Can the bulls turn the tide? Latest market analysis reference.

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8 hours ago

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Crypto Circle Scholar: March 16, 2025 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 1940. It is now 8:30 AM Beijing time. We temporarily say goodbye to the bulls; most have already entered at 1950. Be prepared for defense, set your stop-loss, and leave the rest to time. Let's exchange time for space. As long as we can endure loneliness, we will surely be able to hold onto prosperity.

The daily K-line is still within a descending channel, currently touching the upper pressure level of the channel at 1960. The overall trend remains bearish as long as the channel is not broken. Especially with the EMA trend indicator diving down, EMA15 has already fallen below 2100 and continues to decline. There is still momentum to break the previous low of the year. The market's fear sentiment has not ended. The MACD shows an increase in volume, with DIF and DEA forming a golden cross, but the K-line is diverging from the indicators, and the market could drop at any time. The Bollinger Bands are contracting, with the lower support at 1735, the middle band at 2130. There is some upward momentum in the midline indicators, but it is not strong.

The four-hour K-line shows a more pronounced performance, consistently hovering around the EMA30 balance point of 1936. It has tested the upper level several times but failed. The bullish momentum is severely lacking. The MACD volume has decreased, and DIF and DEA have failed to break the 0 axis, continuing to decline. The upper pressure level of the Bollinger Bands is effectively at 1955, with the middle band support at 1905. If it can hold in the short term, it will continue to move within the range; if it cannot hold, it will continue to be bearish. DIF has formed a death cross, and the overall trend shows a certain advantage for the bearish outlook. The strategy is primarily to short at high levels.

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

For a long position, the entry point is 1800 to 1830, with a defense at 1770, stop-loss at 50 points, and a target of 1900 to 1950, with a breakout target of 2000.

For a short position, the entry point is 1920 to 1950, with a defense at 1980, stop-loss at 50 points, and a target of 1850 to 1800, with a breakout target of 1750.

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; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's unique viewpoint. 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 viewpoints 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 your own issues and 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 to 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 stems from today's choices. Hard work is rewarded, integrity is rewarded, and excellence is rewarded. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Crypto Circle Scholar 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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