3.16 Coin Circle Mr. Coin: Ethereum (ETH)) Market Analysis Reference. Let's first look at the 4-hour level. There's a relatively obvious long upper wick here, with the high reaching 2117.86, then it pulled back under pressure. This indicates that the 2150 round number level above is now a hard resistance, with very concentrated selling pressure. It will be difficult to directly break through in the short term. Looking at the daily chart, the closing price has now stood steadily above 2100 for three consecutive days, but the price has failed to effectively break through the previous high of 2133. The highs are declining and the lows are rising, currently forming the prototype of an ascending triangle on the daily level. This is a typical consolidation pattern, and we'll see which direction it breaks next.

From the technical indicators perspective, the 4-hour MACD has shown a death cross with DIF crossing below DEA, and short-term momentum is starting to weaken. The daily MACD histogram is also contracting, indicating that the upward momentum in the larger timeframe is weakening. On the moving averages, the 4-hour price has already broken below EMA7, with 2098.35 becoming short-term resistance. Where's the support below? Looking at the 4-hour EMA30, around 2060, this is the short-term dynamic support level.

Finally, I want to remind everyone to pay attention to a change in volume. The 4-hour K-line on the evening of March 13 at 8 PM had massive volume, with a single candle volume of 230,000 ETH. Looking at now, the 4-hour volume is only 24,661 ETH, shrinking 63% from the peak. Volume has contracted severely. In this low-volume state, it's difficult to support sustained upward movement.

So overall, we're currently in a situation of "pressure above, support below, contracting volume." In the short term, we'll likely see volatility and consolidation around the 2077-2150 range waiting for directional choice. In this situation, going long should be cautious. Short-term traders should pay attention to support at the bottom of the range. Follow Mr. Coin to grasp market rhythm in real time.

3.16 Ethereum short-term reference: 2115-2155 range short, defend 2380 supplement, target 2080 below, 2040-1990 range long, stop loss 50 points, target above 2070. Message delivery has delays. Strategy suggestions are for reference only. Market changes rapidly. No matter how confident the market judgment, stop profit and stop loss must be set. Secure the profits#Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨 $BTC $GT