3.18 Coin Circle Mr. Coin: Ethereum (ETH)) Market Analysis Reference

Let me see what changes have occurred in the Ethereum chart—have the pullback risks we were concerned about been resolved? Today I'll tell you with several key signals that the bulls are now taking the initiative. Let's look at the 4-hour level.

On the evening of March 17th at 8 PM, this K-line was very critical, with a long lower wick—a hammer line. This is a typical "bottom testing" signal where price dropped and was immediately pulled back by the bulls. Subsequently, several consecutive positive candles followed, confirming that the short-term bottom is valid.

Switching to the daily level, this pattern is even more interesting: The large positive candle on March 16th completely covered the negative candle body of the previous day. In K-line combinations this is called "bullish engulfing" or "yang swallowing yin," which is a relatively clear reversal signal. The bears just exerted their force, and the next day they were completely flanked by the bulls—the buying pressure is very strong.

Looking at indicators: On the 4-hour level, the MACD fast line (DIF) and slow line (DEA) just formed a golden cross above the zero axis. Specifically, 63.68 crossed above 61.11—a short-term bullish signal. Meanwhile, the daily MACD red histogram continues to elongate, reaching 99.45, with mid-term upward momentum still strengthening.

Looking at the moving average system: Price is now steadily positioned above all EMA lines. Moreover, it presents a very standard bullish alignment: short-term 7-line at 2316, mid-term 30-line at 2215, long-term 120-line at 2096—7>30>120, progressively higher, this is a typical upward channel structure.

Trading volume for the recent 4-hour period is 289,973 ETH, down 43% from the previous period. Volume has contracted significantly. This indicates that this wave of gains is temporarily being driven by existing capital, with little new capital entering. Therefore, we need to be alert to the risk of a volume-contraction pullback in the short term—it may not surge up in one go.

Overall, the current chart signals are biased bullish—bottom confirmed, indicators forming golden cross, moving averages in bullish alignment, trend is upward. The only hidden risk is that volume hasn't kept up.

Operationally, don't chase highs; wait for pullbacks to support before considering entry. Follow Mr. Coin to grasp market rhythm in real time.

**Ethereum Short-term Reference for 3.18:**
Range 2345-2395 is congested; defense level 2580; target below 2300; range 2200-2250 is support; stop loss 50 points; target above 2300. Message sending has delays; strategy suggestions are for reference only. Market conditions change in an instant. No matter how confident you are in market judgment, always set take-profit and stop-loss levels—secure your profits#Gate广场AI测评官 #SEC与CFTC新监管指引 #伊朗确认拉里贾尼遇害 $BTC $GT $ETH