Crypto Wave Chasing: 3.11 Ethereum (ETH) Latest Market Analysis Reference Today, Information Interpretation

Crypto Wave Chasing: 3.13 Ethereum (ETH) ) Market Analysis Reference:
Ethereum showed a strong short-term rebound this morning, successfully breaking through the 2100 resistance level. However, the bulls failed to sustain the uptrend, followed by a pullback from highs. From the daily chart perspective, ETH's current price is holding steady at the Bollinger Band middle band and approaching the upper band, with the bullish trend gradually establishing. The KDJ three lines show a bullish alignment with the J value diverging upward, the MACD green column continues to narrow and bearish momentum weakens, RSI moves up synchronously, showing overall sufficient daily-level bullish momentum. However, short-term pullback pressure has accumulated, requiring consolidation and digestion of profit-taking before effectively breaking through the 2150 zone and opening further upside space.
On the 4-hour chart, ETH price is running along the Bollinger Band upper band, with strong short-term bullish momentum but already entering overbought territory. The KDJ three lines are running at high levels with the J value turning downward, the MACD fast and slow lines are above the zero axis with expanding volume columns, the medium-term bullish trend continues, but RSI is approaching the overbought zone and turning downward, with obvious short-term pullback signals. Price is expected to likely retest around the Bollinger Band middle band at 2053 for support. If this level holds, it may challenge the previous high of 2148 again. If broken, it could explore the lower band support at 1997. Operationally, stay alert to pullback risks in the short term; wait for bounces and consolidation before positioning along the trend.
Crypto Wave Chasing: 3.13 Ethereum Short-term Reference:
Long positions: 2000-2050 zone, stop loss at 1950 additional, target 2100-2150
Short positions: 2140-2190 zone, stop loss 30 points, target 2100-2050
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