#ETH $ETH Crypto Market Navigator: ETH Convergence Triangle Breakout Imminent on 3.26, One Candlestick Will Determine Everything! Latest Market Analysis and Trading Ideas

ETH current price 2165, ETH is currently stuck at 2165 going neither up nor down, don't be fooled! This is not bottoming, it's consolidation after a sharp decline, the downtrend in the major cycle hasn't changed at all. The MA60 moving average is pressing overhead, unable to break north, accumulating energy southward, the next candlestick will determine the direction, blindly catching the bottom or chasing highs easily leads to losses, following the trend is the winning strategy.

Daily bearish framework remains intact, major cycle trend still biased downward, K-line declined from 2385 high, rebounded to Fibonacci 0.786 resistance at 2425 then faced obstacles and retreated, currently grinding the bottom near 2165, has not broken the previous descending trendline, belonging to technical correction after oversold conditions. Although MACD red bars show volume expansion, DIF still hovers around zero axis, northward momentum seriously insufficient while southward direction remains dominant. Additionally, current K-line is pressured by MA60 line near 2144 moving average, bearish moving average alignment hasn't been completely broken.

Four-hour breakout window opens, K-line retreated from 2385 high, lower lows gradually rising, higher highs gradually falling, forming converging triangle consolidation pattern, fluctuation range continuously narrowing, MACD red bars continuously shrinking with DIF and DEA showing death cross signs, northward momentum is weakening, key triangle upper rail resistance at 2200, lower rail support at 2100, once either side breaks, prepare for both scenarios, safety first.

Short-term reference: (Live trading data updated, consult author for details)

Below 2120 to 2100 northbound, stop loss 2050, target 2160 to 2180

Above 2180 to 2200 southbound, stop loss 2245, target 2120 to 2100, break below 2100 continue south 2080 to 2050

Actual operations based on real-time trading data, more information available by consulting author, article publishing has delays, suggestions for reference only, risk at your own responsibility #加密市场回涨