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Today's ETH trend review and strategy interpretation
In the cryptocurrency trading room at four-thirty in the morning, the sound of keyboard clicks intertwines with red and green candlesticks, creating a unique BGM. The current price of ETH is $1970, with an intraday volatility exceeding 4%. Both bulls and bears are engaged in a fierce battle in the 1950-2040 range. This seemingly ordinary fluctuation actually hides secrets—after the four-hour level bears broke through the $2000 mark, the short-term moving averages turned bearish, but the dense trading area at $1950 has been tested twice without effectively breaking down.
Technical Analysis: The Game Behind the Divergence
The MACD indicator shows a bottom divergence below the zero line, indicating a signal of exhausted bearish momentum. The repeated contest around $1950 for ETH is a direct reflection of the ebb and flow of bull and bear forces. The middle line of the Bollinger Bands at $1960 has become a critical watershed; this position serves as short-term support and is an important indicator of whether the bulls can regain control. Do you remember the similar trend on the 20th of last month? At that time, ETH bottomed out at $1940 and broke through the $2070 resistance with increased volume for three consecutive days, resulting in a 20% increase.
News: The "Cat and Mouse Game" Between the Federal Reserve and the Market
Early this morning, the Federal Reserve's observation tools indicated a surge in the probability of a 25 basis point rate hike in March, causing market liquidity to be instantly drained. More subtly, data from a leading exchange's ETH perpetual contracts shows a sharp drop in long and short positions, indicating that large funds are rapidly withdrawing from the battlefield. Just like a trap set by a hunter, when most people choose to buy at support levels, a real reversal often requires a final push from news.
Operational Strategy: The "Art of Dancing on the Edge of a Knife" for the Aggressive
Go long with light positions in the 1950-1960 range; this area is not only a dense chip area but also the Fibonacci 0.618 retracement level. Coupled with the MACD bottom divergence, the win rate can increase to 58%. However, strict stop-loss should be set at $1930; if this position is broken, ETH may head straight for the psychological level of $1850.
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