Based on the analysis of the current market situation of Ethereum (ETH) as of March 17, 2025, the following is a detailed interpretation of ETH's intraday market:

Intraday Market Analysis

- Price Fluctuation: As of March 17, the current price of ETH is $1,905, with a 24-hour fluctuation range between $1,800 and $1,950, down 1.37% for the day.

- Support and Resistance: ETH's key support level is between $1,800 and $1,850. If this level is broken, it may further drop to $1,741. The resistance levels above are between $1,950 and $2,000, and breaking through these levels may push the price further up.

Technical Analysis

- Daily Level: ETH's daily chart shows a double top risk, with RSI close to oversold (33.29), and the lower Bollinger Band support at $1,741. It is under short-term pressure at the $1,950 resistance, and if it breaks below $1,850, it may accelerate downward.

- Four-Hour Level: The current price is around $1,910, with the Bollinger Band middle line around $1,908. The price is oscillating around the middle line, indicating a deadlock between bulls and bears. Although the MACD indicator shows green bars, the overall momentum is not strong, indicating that while the bears have some strength, it is difficult to form a unilateral downward trend.

Market Sentiment and Capital Flow

- Market Sentiment: The market sentiment for ETH is cautious, with investor demand for ETH weakening, and spot ETFs facing continuous capital outflows.

- Capital Flow: ETH's spot ETFs continue to face capital outflows, indicating that Wall Street investors' demand for ETH is weakening.

Operational Strategy

- Short-Term Strategy: It is recommended to short in the range of $1,920-$1,950, with a target of $1,865.

- Medium-Term Strategy: If it breaks below $1,850, reevaluation of support is needed; if it stabilizes above $2,000, it may bounce back to $2,150-$2,500.