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

Let's see what changes have occurred on the Ethereum chart——have the pullback risks we were previously concerned about been resolved? Today I'll use several key signals to tell you that the bulls now have the initiative. Looking at the 4-hour level.

March 17 at 8 PM, this candle is extremely critical, with a very long lower wick, a hammer line. This is a typical "bottom-testing" signal, the price dropped down and was immediately pulled back up by the bulls. Subsequently, several consecutive bullish candles were formed, which confirms that the short-term bottom is valid. Switching to the daily level, this pattern is even more interesting: the large bullish candle on March 16 completely engulfed the body of the bearish candle from the previous day. This is called "bullish engulfing" or "bullish swallowing" in candlestick combinations, and it's a relatively clear reversal signal. The bears just exhausted their momentum, and the next day they were completely reversed by the bulls, with very strong buying pressure.

Looking at indicators: at the 4-hour level, the MACD fast line (DIF) and slow line (DEA) just formed a golden cross above the zero axis. Specific values: 63.68 crossed above 61.11, a short-term bullish signal. Meanwhile, the MACD red column at the daily level continues to lengthen, with values reaching 99.45, indicating that mid-term upward momentum is still strengthening.

Looking at the moving average system: the price is now firmly standing above all EMA moving averages. And it's displaying a very standard bullish alignment: the short-term 7-line at 2316, mid-term 30-line at 2215, long-term 120-line at 2096——7>30>120, progressively higher, this is a typical uptrend channel structure.

Looking at trading volume: the volume in the recent 4 hours is 289,973 ETH, down 43% from the previous period. Volume contraction is quite obvious, indicating this wave of increase is temporarily driven by existing capital, with not much new capital entering. Therefore, in the short term we need to be cautious about the risk of volume contraction pullback, it may not surge forward in one go.

Overall, the current chart signals are bullish——bottom confirmed, indicator golden cross, bullish moving average alignment, the trend is upward. The only hidden risk is that trading volume hasn't kept up. So operationally, don't chase highs, wait for pullback to support levels before considering entry. Follow Mr. Coin to grasp the market rhythm in real time.

3.18 Ethereum Short-term Reference: 2345-2395 range long, defend 2580 supplement, target 2300 below; 2200-2250 range short, stop loss 50 points, target 2300 above. Message delivery may have delays. Strategy suggestions are for reference only. The market changes rapidly. No matter how confident your market judgment is, always set take-profit and stop-loss levels, secure profits#Gate广场AI测评官 #SEC与CFTC新监管指引 #伊朗确认拉里贾尼遇害 $BTC $GT $ETH