Cryptocurrency Circle Li Ying: The key support level of 1950 for Ethereum (ETH) on the monthly chart faces a test on March 28th. If it breaks down, it will confirm the breach of a three-year rising trend line! Latest market analysis and trading suggestions

　　Dear family! Ethereum has recently experienced a correction with high volatility returning from a peak, stabilizing within the range of 1970 and 2070, forming a narrow fluctuating triangle. Currently, bulls are trying to find support near the lower Bollinger Band at 1972, while bears are applying pressure at 2100. Li Ying believes that the short-term struggle between bulls and bears has entered a critical decision period, whether the trend will continue to rebound or have a deep correction will be confirmed within the next 24 hours!

　　Currently, the K-line is running below the middle line of the Bollinger Band, close to the lower line at 1972, indicating that short-term bearish strength is dominant; however, the support at the lower line has been strong and has been tested multiple times recently without breaking. The opening of the Bollinger Band has dramatically contracted; if it breaks the lower line at 1972, it will accelerate the decline targeting the previous low point of 1850. The short-term moving average MA has formed a death cross, and the moving averages show a downward diverging trend, putting pressure on prices. The MACD bearish momentum is weakening, with rebound signals appearing. If the subsequent DIF crosses above the DEA forming a golden cross with increasing volume, it will be a clear rebound signal. Therefore, Li Ying reminds everyone to be cautious in trading.

　　Short-term trading strategy (personally taught by Li Ying, accurately matching the market)

　　Long position idea: Stabilize above 2066 and take the trend with a stop loss at 2030, targeting 2150 aiming for 2200

　　Short position idea: From 2100 to 2160 with a stop loss at 2190, targeting 2000 aiming for 1970

　　Risk reminder: Cryptocurrency is highly volatile; strategies are for reference only and should be combined with individual risk tolerance for trading; strict stop losses are required!

　　Note: The above analysis is solely based on Li Ying's technical logical deduction and does not constitute investment advice. The market has risks; invest cautiously.

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