Cryptocurrency Academy: Focus on Support and Resistance on March 21! Analysis of the Importance of Ethereum 1850 and 2070! Latest Market Analysis Reference

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22 hours ago

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Crypto Circle Scholar: March 21, 2025 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 1970. It is currently 4:30 AM Beijing time. The two thousand mark for Ethereum was ultimately just a fleeting moment, lasting less than a day. The daily K-line reached a high of 2068 and a low of 1950, forming a double top pattern. It is expected to test the 2000 mark back and forth during the day, and it won't drop too much downward. The MACD is expanding with increased buying, and the DIF and DEA are spreading upwards from a low position, indicating that the bullish momentum is still present. The upper resistance at 2050 in the Bollinger Bands is strong, and it has not yet stabilized at the middle track. Therefore, the overall trend remains bearish, and only after stabilizing can it initiate a bullish trend.

The four-hour K-line has reached the trend convergence point at 1970, where a large number of chips are currently concentrated, making it unsuitable for entry. The MACD's expansion has ended and is starting to contract. The DIF and DEA have formed a death cross, and the bears have not yet exerted force, with the bulls still dominating. The Bollinger Bands are in a sideways trend, and the K-line is above the support point of 1960. Similar to Bitcoin, the pressure point above this position is around 2070, while the support point below is around 1850. The distance between bulls and bears is widening, and the risk at this position is greater than the potential reward. It is recommended to observe for now and wait for a clear direction before entering.

Short-term reference: Safety first. Remember that market conditions are never 100%, so always set stop-losses. Safety first; small losses and big gains are the goal.

For a long position, the entry point is 1870 to 1850, with a defense at 1830, stop-loss at 1800, and a target of 1900 to 1950, with a breakout target of 1975.

For a short position, the entry point is 2040 to 2065, with a defense at 2095, stop-loss at 2120, and a target of 2000 to 1950, with a breakout target of 1900.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, and the suggestions are for reference only; risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's unique perspective. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only; risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market; when a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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