Ethereum (ETH)
Fundamentals:
The sale of 2,090 ETH on March 27 indicates profit-taking, but the adoption of DeFi and NFTs continues to support long-term demand. Binance's partnership with Kyrgyzstan for blockchain education enhances positive sentiment towards the Ethereum ecosystem.
Technical:
Prices are likely near the 200 MA support (~$1,600-$1,700). RSI is approaching oversold (<30) on the daily timeframe, indicating buying opportunities. Chart patterns show potential breakout from sideways consolidation.
Trading Signals:
Position: Buy in the $1,600-$1,650 area.
Target Profit: $1,800-$2,000.
Stop Loss: $1,550.
Timeframe: Short-term (1-3 days).
Risk Management:
Use 1-2% of capital per position to avoid significant losses. Always set stop loss to protect against crypto market volatility. Avoid trading during major fundamental news releases (e.g., Fed decision) as they can cause spikes in volatility.