Coin Sea Chasing Waves: 3.11 Ethereum (ETH) Latest Market Analysis Reference Today, Information Interpretation

Coin Sea Chasing Waves: 3.13 Ethereum (ETH) Market Analysis Reference:
Ethereum had a strong rebound in the early morning today, successfully breaking through the 2100 resistance level, but the bulls failed to continue the uptrend and subsequently fell back after a spike higher. From the daily chart perspective, ETH's current price is holding steady at the middle band of the Bollinger Bands and approaching the upper band, with a bullish trend gradually establishing. The KDJ three lines show a bullish alignment with the J value diverging upward, MACD green bars continuing to narrow with weakening bearish momentum, and RSI rising in sync. Overall, the daily level shows sufficient bullish momentum, but the short-term has accumulated certain pullback pressure. It needs to accumulate energy first to digest profit-taking orders before it can effectively break through the 2150 area and open further upside space.
On the 4-hour chart, ETH's price is running along the upper band of the Bollinger Bands, with strong short-term bullish momentum but already entering the overbought zone. The KDJ three lines are running at high levels with the J value turning downward, MACD fast and slow lines are above the zero axis with increasing volume bars, and the mid-term bullish trend continues, but RSI is near the overbought zone and turning downward, with clear short-term pullback signals. The price is expected to likely first retest the Bollinger Bands middle band around 2053 for support. If it holds that level, it may challenge the previous high of 2148 again. If it breaks below, it may explore the lower band support at 1997. Operationally, vigilance on pullback risks is needed in the short term. Consider waiting for a retest and stabilization before going long with the trend.
Coin Sea Chasing Waves: 3.13 Ethereum Short-term Reference:
Long positions: 2000-2050 range long, stop loss at 1950, target 2100-2150
Short positions: 2140-2190 range short, stop loss 30 points, target 2100-2050
This article content is originally shared by 【Coin Sea Chasing Waves】, representing only personal views. The article has transmission delays and is for reference only. Do not operate blindly! I hope that everyone on their investment journey, no matter how the market changes, can stick to their own principles, maintain rationality and calmness. Deeply understand the characteristics, risks, and return mechanisms of investment products, and don't let emotions be swayed by short-term market fluctuations. Wishing all followers on this investment journey can have keen insight, seize opportunities, make each decision just right, ride the winds and break the waves in the ocean of investment, and reap wealth and growth!!!#Gate广场AI测评官 #加密市场上涨 #比特币站上七万美元 $BTC $ETH