3.28 Ethereum short-term reference: Ethereum (ETH)) market analysis reference. Currently, Ethereum is trading at $1985. On the daily chart, the recent movement hasn't looked very good, with consecutive bearish candles. Over the past two days, the candlesticks formed a very obvious double top pattern, with the peaks around 2171 and 2075. Once the double top appears, the bearish momentum kicks in. Yesterday's daily candlestick is even more interesting, as it tested downward with a long lower shadow, with the lowest point around 1958, indicating that there are buyers starting to support the price below. However, whether this support can hold steady remains to be seen. Switching to the hourly chart, the current price is oscillating between roughly 1970 and 1996, with no clear direction. But note that at 4 a.m. today, the hourly chart formed a single needle bottom, with a low of 1979. This pattern suggests that short-term support is beginning to strengthen. In terms of indicators, the daily MACD has confirmed a death cross, with DIF and DEA values at -1.2 and +10.5 respectively. The histogram has also turned negative, indicating that the bearish momentum on the daily timeframe has not yet fully released. However, on the hourly chart, a signal has appeared—the MACD just experienced a golden cross, with a value around 4. Although the strength isn't very strong, it at least indicates a short-term rebound demand. The moving average system is still in a bearish arrangement, with the price being pressed down by all EMA lines—7, 30, and 120 are all above the current price. The 1986 level on the hourly chart is particularly critical; the EMA7 is right there. For the price to move upward, it must first stabilize above this line. Overall, the larger cycle remains bearish, but some rebound signals are appearing on the smaller cycle. Whether it can rally depends on whether the 1986 level can be effectively broken and the price can hold above 2000. 3.28 Ethereum short-term reference: range 2095-2065, with support at 2280, target below 2020, and range 1960-1910. Stop loss at 50 points, target above 2000. Sending has a delay; strategy suggestions are for reference only. Market conditions change rapidly. No matter how confident you are in your market judgment, always manage your take profit and stop loss to secure gains.