📊 March 4 ETH Technical Analysis (Until 18:00)
Current Price: approximately $1,980, correlated with BTC fluctuations, bulls and bears are at a stalemate
1. Key Price Levels (Intraday)
- Resistance: 2,000 → 2,030 → 2,070 (Strong resistance)
- Support: 1,950 → 1,920 → 1,870 (Strong support)
2. Cycle Structure
- Daily Chart: End of downtrend channel, weak rebound correction; long-term moving averages are in a bearish arrangement, medium-term slightly bearish
- 4-Hour Chart: Converging triangle consolidation, awaiting breakout direction; MACD bearish momentum weakening, showing rebound demand
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