
小白龙🐲|Mar 17, 2025 03:41
On March 17th, the bottom consolidation of Ethereum is coming to an end. What will happen next?
📌 01 Yesterday's Review
BTC: Yesterday's lowest point was 81925, the highest point was 85136, with a fluctuation of 3210 and an amplitude of 3.8%
ETH: Yesterday's lowest point was 1857, the highest point was 1940, with a fluctuation of 83 and an amplitude of 4.3%
📌 Today's Analysis 02
BTC
The current price of Bitcoin is 83400, and the 4-hour candlestick chart shows that the price is running within a converging triangle. The strong resistance above is at 85000 (the upper edge of the chart+the weekly high pressure system), and the parallel support below is at 81000 (the trend line+Fibonacci 38.2% retracement level). If the daily volume exceeds 85000, the technical aspect will confirm the dominance of bulls, with the target pointing to the range of 88000-90000; If the false breakthrough falls below 81000, be alert to bearish counterattacks!
Short term resistance of Da Bing: 85000
Short term support for Da Bing: 81000
ETH
The current price of Ethereum is 1910, and the daily level has been consolidating horizontally for 7 consecutive trading days in the range of 1800-1950, forming a "rectangular bottom" shape. The key resistance above is 1945 (downtrend line+psychological barrier), while the strong support below is 1830 (30 day moving average+trading volume intensive area). If the daily volume breaks through 1945 and stabilizes above 1950, the technical aspect will trigger a bullish signal, with the target pointing towards 2050-2100; If it breaks 1830, attention should be paid to the effectiveness of the support at the 1800 integer level..
Auntie Tai Short term Resistance: 1945
Auntie's short-term support: 1830
📌 Summary of Article 03
In the short term, Ethereum can be seen as a bottom form, with a bottom support of 1800. You can be bullish until it falls below the support. It should be noted that Ethereum is about to reach the end of the downward trend, and there may be significant fluctuations at that time. It is necessary to control the stop loss!
Move your hands, follow, like, and share. Your support is my biggest motivation every day!
For more real-time information, please add VX: ETH188088
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