According to the latest market data on March 24, 2025, Ethereum (ETH) is showing a fluctuating trend today, with prices around $1,910, up 0.38% in the last 24 hours. Here are the key analyses:
1. Technical Analysis
Short-term Pressure and Support: The 4-hour K-line shows a pressure zone in the $2,080-$2,171 range, with support at $1,935-$1,871. If the price breaks through $2,025 (previous high) with volume, it may further test $2,050-$2,080.
Trend Indicators: The 6-hour period shows bullish resonance, but the weekly K-line MACD's high-level death cross suggests that the long-term may primarily involve a fluctuating washout. The current RSI indicator is in a neutral to fear zone (33), indicating cautious market sentiment.
2. Market Dynamics
Exchange Reserves Decline: ETH exchange reserves have fallen below 9 million coins, reaching a ten-year low (7.45% of circulating supply), with whale addresses increasing their holdings by 18%, with single transactions often reaching tens of thousands of ETH, indicating long-term accumulation signals.
Institutional Trends: Grayscale's Ethereum Mini Trust ETF (ETH.AM) rose slightly by 0.05% today, with a trading volume of 623,600 shares, reflecting relatively stable institutional funds.
3. Operation Suggestions
Bullish Strategy: If the price retraces to the support level of $1,935-$1,950 and the MACD shows a golden cross, a small position long can be established, with a stop loss set at $1,900.
Bearish Strategy: If it breaks below $1,900 with volume, it may test $1,871, and short positions may be attempted, targeting $1,820.
4. Risk Warning
Policy and Regulation: The policy expectations from Trump's meeting with cryptocurrency industry leaders next week may influence market sentiment.
Technical Upgrade Uncertainty: After the Ethereum 2.0 upgrade, the ecological growth has slowed down, and the Layer 2 diversion effect continues, requiring attention to subsequent technological developments.
In summary, ETH is primarily fluctuating in the short term, and it is recommended to operate flexibly in conjunction with support/resistance levels and volume changes, while being cautious of market sentiment fluctuations.
