CryptoCircle LiYing: On 3.28, Ethereum (ETH) monthly key support at 1950 faces testing. If broken, it will confirm a breakdown of the three-year upward trend line! Latest market analysis and trading suggestions

Family members! Ethereum has recently experienced a sharp rise followed by a pullback and low-volume consolidation, stabilizing between 1970 and 2070, forming a narrow-range triangle. Currently, the bulls are trying to find support near the lower Bollinger Band at 1972, while the bears are applying pressure at 2100. LiYing believes that the short-term battle between bulls and bears is entering a critical decision point. Whether the trend's rebound continues or a deep correction occurs will be confirmed within the next 24 hours!

Currently, the K-line is below the middle band of the Bollinger Bands, close to the lower band at 1972, indicating that short-term bearish momentum is dominant. However, the lower band support is strong, having been tested multiple times without breaking. The Bollinger Bands are extremely contracted; if the price breaks below the lower band at 1972, it will accelerate the decline toward the previous low of 1850. The short-term moving averages (MA) have formed a death cross and are diverging downward, exerting downward pressure on the price. The MACD shows weakening bearish momentum, with signs of a rebound emerging. If the DIF crosses above DEA to form a golden cross and volume increases, it will be a clear rebound signal. Therefore, LiYing reminds everyone to trade cautiously.

Short-term trading strategy (LiYing personally guides, precise market alignment):

- Long position idea: Stand firm at 2066, go long, stop-loss at 2030, target 2150 aiming for 2200
- Short position idea: Between 2100 and 2160, stop-loss at 2190, target 2000 aiming for 1970

Risk reminder: Cryptocurrency is highly volatile. Strategies are for reference only. Operate according to your own risk tolerance and strictly set stop-loss!

Note: The above analysis is based solely on technical logic by LiYing and does not constitute investment advice. The market carries risks; invest cautiously.