3.17 Ethereum Market Analysis

Currently, the KDJ and MACD indicators on the Ethereum daily chart have shown a bullish reversal at low levels, but the overall Bollinger Bands are still being suppressed by the middle band, and the lower band continues to expand. Although Ethereum has formed a green TD1 today in the main chart, the MA10 and MA30 daily moving averages are still exerting downward pressure, indicating that the bearish pressure on the daily chart remains strong. From the weekly chart perspective, it is estimated that today, Monday, will continue to test lower levels, waiting for the bottom to stabilize before making technical adjustments later in the week.

I personally expect that Ethereum will primarily trend downward with fluctuations today, continuing to test the lower support levels. The key support remains in the 1750-1530 range. Considering there is a significant gap on the weekly chart and the opening space for the lower Bollinger band is insufficient, the downward volatility during the day is not expected to be too strong. #以太坊分析