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3.18: Ethereum (ETH) ) Market Analysis Reference Ethereum dropped to yesterday's price and rose to around 2350 facing resistance. The trend has been hovering around the 2330 line. The trend broke through the upper short-term resistance and entered a wide-range oscillation pattern. If the market stabilizes at the 2300 line subsequently, the price is expected to continue testing upward. Therefore, it is recommended that long positions prepare with light positions.
From the perspective of short-cycle hourly chart, the current trend is facing resistance and pullback. Although the price broke through the 2350 line, the subsequent upward momentum is not strong. Therefore, friends who went long after the breakout, pay attention to capturing profits in time and manage risk properly. Currently, the trend is stable and mainly pullback for long positions. Pay attention to support at 2280 and 2230 levels below.
3.18 Ethereum Short-term Reference: Short attention on 2350-2380 range, defense at 2420 supplement, target below 2260. Long attention on 2280-2350 range, stop loss 50 points, target above 2000.
Note: Article delivery has delays. Strategy suggestions are for reference only. Market conditions change rapidly. Regardless of how high your market judgment accuracy is, stop-profit and stop-loss must be set properly. Secure profits by taking them off the table. #美联储3月议息会议 $BTC $ETH