BitUnix analyst suggests: Ethereum data platform bearish sentiment of 51%, short-term focus on 1950 pressure and 1850 support, cautious operation

According to BlockBeats, on March 17th, the price of Ethereum (ETH) was around $1901.01, an increase of $15.04 (+0.8%) from the previous day. Last week, Ethereum ETFs sold over for four consecutive days, but the price still did not hit a new low. BitUnix analyst: Recently, the price of Ethereum has fluctuated between $1850 and $1950, indicating a cautious market sentiment. The current key support level is at $1850, and if it falls below this level, it may further drop to $1800. The upper pressure level is between $1950 and $2000, and breaking through these levels may push prices further up. Investors should pay attention to changes in macroeconomic factors and technical indicators, operate cautiously, and avoid high-risk trading during periods of high market volatility.