ETH Market Analysis

2026-03-29
0-4 Fog
Main Path
Volume-driven rally → Resistance at peak → High-level consolidation
This wave rose directly from around 1980 to 2040, indicating an emotional surge phase
But the current issue is:
After going up, there was no continued increase in volume
This suggests:
It's not a trend initiation, more like a consolidation after a rise
Secondary Path
Sideways movement above 2000 → Re-test 2040 → Decide direction
If 2000 can hold steady, the market will move:
High-level consolidation → Second surge → Further judgment of true or false breakout

Support Levels
2000 (Current core support)
1985 (Short-term support)
1960 (Strong support)
The most critical change now is:
2000 has shifted from resistance to support

Resistance Levels
2020 (Current resistance)
2040 (Previous high pressure)
2060 (Trend resistance)
The recent move at 2040 already proved:
There is obvious selling pressure above

Alternative Path
Break below 2000 → Re-test 1980 → Weakening sentiment
If 2000 cannot hold:
The structure will change to:
Rise → Distribution → Pullback structure

Trading Suggestions
Long Position Strategy (Main Strategy):
Buy on dips around 2000-1990
Stop-loss: 1980
Take profit: 2020 / 2040

Short Position Strategy (Defensive):
Light short positions around 2030-2040
Stop-loss: 2060
Take profit: 2000
Core:
Avoid chasing highs
Focus on buying on dips

Rhythm Summary
Current rhythm:
Rise → Pause → High-level consolidation
MACD: Shortening red bars, momentum slowing
RSI: Receding from high levels but not weakening
BOLL: Price near upper band then pulls back
Indicates:
There is upward movement, but it is slowing down
Conclusion
Market essence:
Consolidation after a rally
Short-term: Slightly bullish consolidation
Mid-term: Watching 2000
Key Point:
2000
Hold: Continue consolidation with a bullish bias
Break below: Turn weak and pull back
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