Li Shengting: Ethereum Market Analysis and Trading Strategy for March 31

Ethereum has been declining from around 2000 these past two days and is currently trading near 1800. From the daily technical indicators, there is a certain gap between the price and the MA5 moving average. At the same time, both the KDJ and MACD technical indicators are showing signs of contraction, while the BOLL indicator is operating in the middle band area. Currently, Ethereum is at a red TD9, while Bitcoin next door is at a red TD8. Based on the TD technical indicators, it is likely that there will be a technical rebound in the daily line.

From the 4-hour technical indicators, the BOLL indicator has touched the lower band area without triggering a bearish volume drop. Meanwhile, the MA30 moving average shows signs of strengthening. Although the MA10 and MA5 moving averages remain pressured downward, it should be noted that the short-term MA7 moving average has not yet begun to show linkage. Therefore, based on the above analysis, I personally believe that both the daily level and short-term Ethereum will welcome a technical rebound.

Ethereum: Long positions near 1810-1780 Stop loss: 1730 Target: 1860-1930

The above is my personal market analysis and trading strategy for the early morning, for your reference only. #加密市场回调 #BTC