$ETH Crypto PhD: 3.23 Ethereum On-chain Fund Flow Analysis – The Battle Between Whale Exodus and Retail Bottom-Fishing! Latest Market Analysis
Ethereum is currently trading at 2063. For us, these recent Ethereum market movements mean profit, but for those buying the dip, it's a lesson. From reminding everyone not to chase the dip above 2200, which then dropped directly, to now seeing continued declines around 2065, those who kept up with the pace made money, while those who didn't listen are still being shaken out repeatedly. Trading is never about gambling on direction; it's about controlling risk first, then talking about profits. Remember this lesson! The current continued decline around 2065 is merely a trend extension. The chart clearly shows: bearish momentum is still being released, the weak downtrend pattern remains unchanged, any bounce is a bull trap, absolutely avoid blind bottom-fishing!
Daily bearish trend continues. After volume expansion and bearish close from the 2385 high, we're now seeing continued decline around 2065. The high formed a dark cloud cover pattern. Currently this is a trend extension after breakdown. Price has broken below the Bollinger middle band at 2093. After the MACD red histogram turned green, it has continued expanding volume. RSI has fallen from highs to below 50, indicating bullish momentum is completely exhausted and bears are controlling the market. The 2280 to 2385 support zone has converted to strong resistance. Strong support below at 2050 to 2060, resistance above at 2100 to 2120.
Four-hour bearish MA alignment is clear. After topping at 2385, it's been declining continuously and currently operating around 2065. The EMA forms a bearish alignment with price firmly pinned below the middle band at 2123. Any bounce is a bull trap, absolutely not a reversal signal. MACD green histogram continues expanding volume. RSI has fallen to around 45, indicating short-term bearish momentum is still being released with a clear weak downtrend pattern. Resistance above at 2120, Bollinger middle band. Below if the 2050 support near recent lows breaks, will further explore the 2000 level.
Short-term reference: (Live trading data updated, contact author for details)
Bounce from below 2050 to 2060, stop loss at 2030, target 2100 to 2120, exit at resistance without holding on
Drop from above 2120 to 2100, stop loss at 2140, target 2060 to 2050, if breaks below 2050 continue south to 2020 to 2000
Actual operations should be based on real-time order flow data. For more information and details, you can consult the author. Articles are published with delays, suggestions are for reference only. Assume your own risk. #加密行情震荡
$ETH Crypto PhD: 3.23 Ethereum On-chain Fund Flow Analysis – The Battle Between Whale Exodus and Retail Bottom-Fishing! Latest Market Analysis
Ethereum is currently trading at 2063. For us, these recent Ethereum market movements mean profit, but for those buying the dip, it's a lesson. From reminding everyone not to chase the dip above 2200, which then dropped directly, to now seeing continued declines around 2065, those who kept up with the pace made money, while those who didn't listen are still being shaken out repeatedly. Trading is never about gambling on direction; it's about controlling risk first, then talking about profits. Remember this lesson! The current continued decline around 2065 is merely a trend extension. The chart clearly shows: bearish momentum is still being released, the weak downtrend pattern remains unchanged, any bounce is a bull trap, absolutely avoid blind bottom-fishing!
Daily bearish trend continues. After volume expansion and bearish close from the 2385 high, we're now seeing continued decline around 2065. The high formed a dark cloud cover pattern. Currently this is a trend extension after breakdown. Price has broken below the Bollinger middle band at 2093. After the MACD red histogram turned green, it has continued expanding volume. RSI has fallen from highs to below 50, indicating bullish momentum is completely exhausted and bears are controlling the market. The 2280 to 2385 support zone has converted to strong resistance. Strong support below at 2050 to 2060, resistance above at 2100 to 2120.
Four-hour bearish MA alignment is clear. After topping at 2385, it's been declining continuously and currently operating around 2065. The EMA forms a bearish alignment with price firmly pinned below the middle band at 2123. Any bounce is a bull trap, absolutely not a reversal signal. MACD green histogram continues expanding volume. RSI has fallen to around 45, indicating short-term bearish momentum is still being released with a clear weak downtrend pattern. Resistance above at 2120, Bollinger middle band. Below if the 2050 support near recent lows breaks, will further explore the 2000 level.
Short-term reference: (Live trading data updated, contact author for details)
Bounce from below 2050 to 2060, stop loss at 2030, target 2100 to 2120, exit at resistance without holding on
Drop from above 2120 to 2100, stop loss at 2140, target 2060 to 2050, if breaks below 2050 continue south to 2020 to 2000
Actual operations should be based on real-time order flow data. For more information and details, you can consult the author. Articles are published with delays, suggestions are for reference only. Assume your own risk. #加密行情震荡