#ETH March 11th 10:00 ETH Trend Analysis

Bare K and Volume: The market has been oscillating within the wide range of 1824-2134 for a long time. It is recommended to continue trading within this range. The 4-hour volume shows the bulls gradually gaining the upper hand, with accumulation forming and the bears' trading volume remaining relatively small.
Moving Averages: The 4-hour moving averages are intertwined, indicating a consolidation pattern. The key is to wait for the emergence of a "water lily" pattern. Until then, focus on short-term trades; once it appears, trade according to the trend.
MACD: The wide-range oscillation pattern is suitable for referencing the 15-minute and 1-hour MACD short-term indicators. Pay close attention to divergences. For example, on the 15-minute chart, a secondary divergence appears when the price rises from 1906 to 2052. On the 1-hour chart, divergence also appears between 2199 and 1906. Similarly, on the 1-hour chart, divergence occurs between 1906 and 2088.
Bollinger Bands: Currently, the market is suitable for trading oscillation strategies based on the 4-hour chart. The upper band is bearish, the lower band is bullish. Use stop-losses to avoid holding wrong positions. This indicator still has significant reference value.
Supply and Demand: Resistance levels above: 2066-100, 2156-2200, 2251-2294. Support levels below: 1834-1865 or 1796-1825, choose one.
Vega Channel: 4-hour resistance zone: 2041-2068, 2220-2284.
Fibonacci Sequence: In oscillating markets, you can choose the 15-minute or 1-hour Fibonacci indicator for short-term trades. The retracement from 2199 to 1906 at 0.618 hits precisely at 2087(, and 0.786 at 2136. The retracement from 1906 to 2088 at 0.382 hits precisely at 2018), with 0.618 at 1975 and 0.786 at 1945.
Personal advice is for reference only: Same as yesterday. Currently, the market is still oscillating within the wide range of 1824-2134. Trade according to the trend before any reversal signals appear—buy low and sell high within the oscillation. Both longs and shorts are possible. Those holding long-term positions can continue to hold. If you don’t have long-term positions, it’s not recommended to enter now. Consider deploying at the lower end of the oscillation range, around 1824-1890, for better cost performance. 666