Full Analysis of ETH Market Sentiment
Ethereum's four-hour level continues to be constrained within a range of $1975 to $2075, with the Bollinger Bands narrowing to an annual extreme. The MACD golden cross hovers just above the zero line, and trading volume has shrunk to 70% of the previous day's level, as the market awaits directional choices. The daily MA30 moving average forms a dynamic balance axis, with long and short positions repeatedly changing hands here. The Williams indicator signals overbought conditions, and the divergence between volume and price creates a technical contradiction, indicating that a change in trend is imminent.
Technical Analysis: Intensifying Range Trading
The $2075 pressure zone has accumulated trapped positions for nearly three months, with three unsuccessful attempts to break higher indicating heavy selling pressure. Meanwhile, there are 62,000 contracts hanging on the $1975 support line, and on-chain data shows that a whale transferred 30,000 ETH to the exchange early in the morning, possibly to prepare for a sell-off. If the support at $1975 is effectively broken, the psychological level of $1900 will face testing; conversely, a breakthrough above $2075 could target the strong resistance zone at $2150.
Market Dynamics: Interwoven Long and Short Factors
Tonight, during the East Coast time zone, $12 billion in ETH options will be settled, creating a battleground around the maximum pain point of $1950 and the current price gap. On a macro level, attention should be paid to the audit results of South Carolina's fiscal cryptocurrency purchase plan; if 10% of funds are allocated to cryptocurrencies, it could trigger institutional buying. Potential risks stem from the tariff bill vote on April 2, as policy uncertainty suppresses market risk appetite.
Operational Strategy: Strictly Adhere to Risk Control and Wait for Breakthrough
The current price of $2030 is in a sensitive area before a potential change in trend; it is advised for spot investors to remain cautious, while contract traders can set up breakout orders: going long if breaking above $2075 to $2150, and going short if breaking below $1975 to $1920. Recently, major funds have frequently cleaned up stop-loss orders at a 5% range, so a tiered stop-loss strategy is recommended to avoid spike risks.
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