$ETH Crypto PhD: Ethereum Convergence Triangle Reversal Imminent on 3.26, One Candlestick Decides Fate! Latest Market Analysis and Strategic Reference
Ethereum current price 2165, ETH is now stuck at 2165 unable to break up or down, don't be fooled! This is not bottoming, it's consolidation after excessive decline. The major cycle downtrend remains fundamentally unchanged. The MA60 moving average is pressing down overhead, unable to break north, accumulating power southward. The next candlestick will determine direction. Blindly bottom-fishing or chasing highs are prone to losses. Following the trend is the right path.
Daily bearish framework remains intact, major cycle trend still biased bearish. K-line fell from 2385 high, rebounded to Fibonacci 0.786 resistance at 2425 where it encountered resistance and pulled back. Currently grinding bottom near 2165, hasn't broken the prior downtrend line, belonging to technical correction after oversold conditions. Although MACD red bars show volume expansion, DIF still hovers near zero axis, with severely insufficient northbound momentum while southbound remains dominant. Additionally, current K-line is pressured near MA60 at 2144 level, with bearish moving average arrangement not completely broken.
Four-hour reversal window opening, K-line pulled back from 2385 high, with lower lows gradually rising and higher highs gradually falling, forming convergence triangle consolidation pattern. Fluctuation range continuously narrowing. MACD red bars continuously shrinking, DIF and DEA showing death cross signs, northbound momentum weakening. Key triangle upper rail resistance at 2200, lower rail support at 2100. Once either side breaks, be prepared with contingency plans. Safety first.
Short-term reference: (Live trading data updated, consult author for details)
Lower 2120 to 2100 northbound, stop loss 2050, target 2160 to 2180
Upper 2180 to 2200 southbound, stop loss 2245, target 2120 to 2100, if breaks below 2100 continue southbound to 2080 to 2050
Specific operations should follow real-time market depth data. For more information consult author. Article has publication delay, suggested for reference only. Risk disclaimer #加密市场回涨
$ETH Crypto PhD: Ethereum Convergence Triangle Reversal Imminent on 3.26, One Candlestick Decides Fate! Latest Market Analysis and Strategic Reference
Ethereum current price 2165, ETH is now stuck at 2165 unable to break up or down, don't be fooled! This is not bottoming, it's consolidation after excessive decline. The major cycle downtrend remains fundamentally unchanged. The MA60 moving average is pressing down overhead, unable to break north, accumulating power southward. The next candlestick will determine direction. Blindly bottom-fishing or chasing highs are prone to losses. Following the trend is the right path.
Daily bearish framework remains intact, major cycle trend still biased bearish. K-line fell from 2385 high, rebounded to Fibonacci 0.786 resistance at 2425 where it encountered resistance and pulled back. Currently grinding bottom near 2165, hasn't broken the prior downtrend line, belonging to technical correction after oversold conditions. Although MACD red bars show volume expansion, DIF still hovers near zero axis, with severely insufficient northbound momentum while southbound remains dominant. Additionally, current K-line is pressured near MA60 at 2144 level, with bearish moving average arrangement not completely broken.
Four-hour reversal window opening, K-line pulled back from 2385 high, with lower lows gradually rising and higher highs gradually falling, forming convergence triangle consolidation pattern. Fluctuation range continuously narrowing. MACD red bars continuously shrinking, DIF and DEA showing death cross signs, northbound momentum weakening. Key triangle upper rail resistance at 2200, lower rail support at 2100. Once either side breaks, be prepared with contingency plans. Safety first.
Short-term reference: (Live trading data updated, consult author for details)
Lower 2120 to 2100 northbound, stop loss 2050, target 2160 to 2180
Upper 2180 to 2200 southbound, stop loss 2245, target 2120 to 2100, if breaks below 2100 continue southbound to 2080 to 2050
Specific operations should follow real-time market depth data. For more information consult author. Article has publication delay, suggested for reference only. Risk disclaimer #加密市场回涨