Coin Wave Chasing: 3.11 Ethereum (ETH) Latest Market Analysis Reference Today, Information Interpretation

Coin Wave Chasing: 3.13 Ethereum (ETH)) Market Analysis Reference:
Ethereum showed strong short-term rebound this morning, successfully breaking through the 2100 resistance level. However, bulls failed to sustain the upward momentum and subsequently pulled back after reaching higher levels. From the daily chart perspective, ETH's current price is sitting firmly on the Bollinger Band middle band and approaching the upper band, with the bullish trend gradually being established. The KDJ three-line shows a bullish alignment with J value diverging upward, MACD green columns continuing to narrow with weakening bearish strength, and RSI moving up in sync. Overall, the daily level shows sufficient bullish momentum, but the short term has accumulated certain pullback pressure. Short-term needs to consolidate and digest profit-taking positions before effectively breaking through the 2150 area to open further upside space.
On the 4-hour chart, ETH price is clinging to the upper Bollinger Band, with strong short-term bullish momentum but already entering the overbought zone. The KDJ three-line is running at high levels with J value turning down, MACD fast and slow lines are above the zero axis with volume columns continuously expanding, and the medium-term bullish trend remains in continuation. However, RSI approaches the overbought area and turns down, with obvious short-term pullback signals. Price is expected to likely retrace to test the Bollinger Band middle band around 2053 for support. If this level holds, it may challenge the previous high of 2148 again. If it breaks below, it could explore the lower band support at 1997. Operationally, caution should be exercised against pullback risks in the short term. One can wait for a retest and stabilization before following the trend.
Coin Wave Chasing: 3.13 Ethereum Short-term Reference:
Long positions: 2000-2050 zone, stop loss 1950, target 2100-2150
Short positions: 2140-2190 zone, stop loss 30 points, target 2100-2050
This article is originally shared by【Coin Wave Chasing】, representing only personal views. There is a delay in article delivery, for reference only. Do not operate blindly! Hope everyone on the investment journey, no matter how the market changes, can stick to their principles, maintain rationality and composure. Deeply understand the characteristics, risks and return mechanisms of investment products, and don't let emotions be swayed by short-term market fluctuations. Wish all followers can have unique foresight on the investment journey, seize opportunities, make every decision perfectly, ride the wind and break the waves in the investment ocean, and reap wealth and growth!!!#Gate广场AI测评官 #加密市场上涨 #比特币站上七万美元 $BTC $ETH