Crypto Circle Scholar: On March 12, Ethereum's four-hour chart revealed the 'Hand of God.' Will it return to 2000 today?
Ethereum's current price is 1955. It is now 4 AM Beijing time. The pullback momentum is not as strong as Bitcoin's. Ethereum faces strong resistance to return above 2000. The dense area of chips on the order book is at the 2000 round number. The daily candlestick chart has a bottom at 1750, and it has pulled back to around the 0.618 golden ratio line. There is still a long way to go before reaching the EMA15 trend resistance level of 2200. The MACD has shown a volume decrease and thickening, while the DIF and DEA have not contracted. The overall trend depends on whether Ethereum can return to the 2000 mark. The Bollinger Bands are trending downward, and the candlestick has broken below the support at 1795. The dual lines are standing below the lower track, forming a bullish indicator of double needles probing the bottom. A rebound is effective in the short term. Those looking to short can wait for a pullback to 2000 to confirm the strength before entering.
In the four-hour candlestick, pay attention to the EMA30 trend resistance at 2050. After reaching this point, consider going short. The MACD's volume decrease indicates that the bullish rebound in the short term is not over yet. Friends who haven't entered a long position should not chase it now, as the DIF and DEA have started to contract. The pressure level in the middle of the Bollinger Bands is at 2040, with support at the lower track at 1795. Consider two short points and two long points, with stop losses in place. Target 1 is to set a stop loss before planning for Target 2. Prioritize safety and remember that not every market situation is 100% certain, so always use a stop loss. The goal is to achieve small losses and big gains.
Short-term reference: Safety first. Remember that market conditions are never guaranteed, so always have a stop loss. Safety first; small losses and big gains are the goal.
Going north, the first test point is from 1800 to 1750, with a stop loss of 50 points. The target is 1900 to 1950; if broken, look towards 2000.
Going north, the second test point is from 1550 to 1500, with a stop loss of 50 points. The target is 1650 to 1750; if broken, look towards 1800.
Going south, the first test point is from 2000 to 2050, with a stop loss of 50 points. The target is 1900 to 1850; if broken, look towards 1800.
Going south, the second test point is from 2150 to 2200, with a stop loss of 50 points. The target is 2050 to 2000; if broken, look towards 1950.
Concrete operations should be based on real-time data from the order book. For more information, you can consult the author. There may be delays in article publication; please use it for reference at your own risk.
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