3-13 Evening Outlook

Since ETH rebounded from the 1796 low, the overall structure has shifted into a sideways upward trend. The previous high approached the 2199 resistance zone, followed by a correction pullback. Currently, the price has regained above 2120, indicating that bullish market sentiment remains relatively strong.

From a structural perspective, the price has gradually raised its lows, forming a channel of oscillating upward movement. After breaking through the 2100 round number in the short term, the price continued to strengthen and is now testing resistance near 2130. If the price can effectively break through this zone, there is potential for the market to extend further toward 2150 or even 2200. Conversely, if the breakout fails, a retest of support around 2080 for technical correction is likely.

The overall structure is characterized by an oscillating upward trend.

BOLLINGER BANDS: Upper band near 2144, middle band near 2091, lower band near 2041

The Bollinger Bands are expanding upward overall, with the price trading above the middle band and approaching the upper band, indicating that the current market remains in a bullish-dominated structure. If the price continues to move along the upper band, short-term momentum is likely to push prices higher.

MACD:

Positioned above the zero line, with red bars continuously expanding, DIF and DEA maintaining an upward divergence, suggesting bullish momentum is still strengthening, and the short-term trend remains upward.

Key Resistance Levels:

2140–2160 — The current primary short-term resistance zone.

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

Significance of Resistance Levels:

Resistance levels are points where the market tends to encounter selling pressure and bearish defense. A volume breakout above these levels indicates the possibility of entering a new upward phase.

Key Support Levels:

2100 — The current important short-term support level.

2060 — Short-term structural support zone.

2000 — The dividing line between bullish and bearish sentiment.

Significance of Support Levels:

Support levels are points where buying interest tends to emerge. Falling below these levels may signal a weakening of the short-term upward momentum.