3.16 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

For the 4-hour level, we can see a relatively obvious long upper wick, with the high reaching 2117.86, followed by pullback pressure. This indicates that the 2150 round number level above is now a hard resistance barrier with concentrated selling pressure. In the short term, it's still difficult to directly break through. Looking at the daily chart, the closing price has now maintained stability above 2100 for three consecutive days, but the price has been unable to effectively break the previous high of 2133. The highs are lowering and the lows are rising, forming the prototype of an ascending triangle at the daily level. This is a typical consolidation pattern, and the next move depends on which direction the breakout occurs.

From a technical indicator perspective, the 4-hour MACD has already formed a death cross, with DIF crossing below DEA, indicating weakening short-term momentum. The daily MACD histogram is also showing volume contraction, suggesting that the upward attacking power of the larger cycle is weakening. Regarding moving averages, the 4-hour price has dropped below the EMA7, with 2098.35 becoming short-term resistance. Where is the support below? First, look at the 4-hour EMA30, around 2060, which is the short-term dynamic support level.

Finally, I want to remind everyone to pay attention to volume changes. The 4-hour candlestick on March 13 at 8 PM that night had massive volume, with a single candle trading volume of 230,000 ETH. Looking now, the 4-hour trading volume is only 24,661 ETH, shrinking by 63% from the peak. Volume contraction is extremely severe. In this low-volume state, it's difficult to support sustained upward movement.

Overall, we're currently in a situation of "resistance above, support below, and shrinking volume." In the short term, there's a high probability of consolidation within the 2077-2150 range, waiting for direction confirmation. At this time, caution is advised on the upside, and those trading short-term should watch the support at the lower end of the range. Follow Mr. Coin to stay updated on market rhythm in real-time.

3.16 Ethereum Short-Term Reference: 2115-2155 range selling, defend 2380 pullback, target 2080 below, 2040-1990 range buying, stop loss 50 points, target above 2070. Messages have transmission delays. Strategy suggestions are for reference only. Market conditions change rapidly. Regardless of how confident you are in your market analysis, always set stop-profit and stop-loss orders. Lock in profits#Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨 $BTC $GT