Academician of Cryptocurrency: On March 30, Ethereum lost and regained the 2000 mark, is the bullish counterattack insufficient? Latest market analysis and thought reference

Ethereum is currently priced at 1995. The current movement of Ethereum at 1995 is actually very clear, which is a brief consolidation after a wave of decline. Friends who followed the idea of shorting at high positions before basically made good profits. Now many people are becoming anxious; as soon as they see a small rebound, they can't help but enter the market, resulting in being easily trapped. Remember, before the trend changes, do not easily go against the trend, observe more and act less, and wait for clear opportunities before taking action.

The daily line high point has effectively broken below the 0.786 Fibonacci retracement level of 2425, and is currently running above the 100% retracement level of 1736. MA20, MA30, and MA60 are arranged downward, and the price continues to be pressured below the short-term moving averages, with a significant suppressive effect of the moving averages. After the MACD death cross, although the green bars have contracted, the DIF and DEA are still operating below the zero axis, and the downward momentum has not been completely released. The downward trend at the daily level is clear, with the key support at 1736 below.

Price continues to be pressured below the MA20 and MA30 moving averages on the four-hour chart. The short-term moving averages are arranged downward, creating multiple layers of pressure on the price. The rebound to around 2020 is met with resistance and falls back, confirming the validity of the upper pressure. After the MACD death cross, although the green bars have contracted, the DIF and DEA are still running below the zero axis, and the downward momentum has not been completely released; the Bollinger Bands are opening downward, with the price oscillating near the lower track, and no clear stop-loss signal has appeared. The downward trend at the four-hour level will continue, with 1950 being the short-term key support below.

Short-term reference: (Practical data has been updated, for details consult the author)

The upper level from 2050 to 2020 is downward, stop-loss at 2070, targets at 1980 to 1950, after breaking look at 1740.

(Alternative) The lower level from 1950 to 1980 is upward, stop-loss at 1930, targets at 2050 to 2020.

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