3.12 Crypto Circle Mr. Coin: Ethereum (ETH)) market analysis reference. Ethereum is also under pressure and retracing intraday. Currently, the price is around 2050. Yesterday, it repeatedly tested the previous high near 2085, facing resistance. If the rebound cannot break through this resistance level, and once the bullish momentum is exhausted, there is still a possibility for the price to go lower. Hope all crypto friends are prepared.

On the short-term hourly chart, the Bollinger Bands are narrowing, indicating that the short-term trend is facing resistance and beginning to retrace. Looking back at yesterday's overall movement, it also maintained a range-bound consolidation, with no signs of breaking down in the short term. Therefore, I support the 1970-2000 range.
Trading strategy: buy at the lower end and sell at the higher end of the range.
For Ethereum on 3.12, short-term reference: 2080-2130 range, with a stop at 2380, targeting below 2030, and support at 1950-2000. Set a stop loss of 50 points, with a target above 2040.
Note: The message delivery may be delayed. Strategy suggestions are for reference only. Market conditions change rapidly. No matter how confident you are in your market judgment, always set proper take-profit and stop-loss orders. Lock in profits and minimize losses.