3-13 Evening Perspective

ETH has rebounded from the 1796 low point, and the overall structure has shifted to an oscillating uptrend. The previous high touched the 2199 resistance area, followed by a pullback correction. Currently, the price has returned to trade above 2120, indicating that market bullish sentiment remains relatively strong.

From a structural perspective, the price has gradually raised its lows, forming an oscillating uptrend channel. The short-term price action broke through the 2100 integer level and continued to strengthen, currently testing the 2130 resistance area. If the price can effectively break through this area, the market has the opportunity to continue extending toward the 2150 or even 2200 zone; if the breakout fails, it may retest the support near 2080 for technical correction.

Overall structure is an oscillating uptrend.

BOLLINGER BANDS: Upper band ~2144, Middle band ~2091, Lower band ~2041

The Bollinger Bands overall expand upward with the price running above the middle band and close to the upper band zone, indicating that the current market remains under bullish dominance. If it continues to run along the upper band, short-term price action is likely to continue pushing higher.

MACD:

Operating above the zero axis with red histograms continuing to expand, DIF and DEA maintaining upward divergence, indicating that bullish momentum continues to strengthen and short-term price action maintains its uptrend pace.

Key Resistance Levels:

2140–2160 — Current primary short-term resistance zone.

2190–2200 — Previous high area, important mid-term resistance level.

Resistance Level Significance:

Resistance levels are where the market tends to see bearish defense and selling pressure; a volume breakout would suggest the market may enter a new round of uptrend.

Key Support Levels:

2100 — Current important short-term support level.

2060 — Short-term structural support zone.

2000 — Bull-bear dividing zone.

Support Level Significance:

Support levels are where the market tends to see buying absorption; breaking below suggests that short-term trend momentum may weaken.