Crypto Circle Academician: The Ethereum Bottom Confirmed at 3.12! Can Northbound Continue Its Winning Streak? Latest Market Analysis and Strategy Reference

Ethereum's current price is 2069. It is now 2:30 AM Beijing time. Has everyone calculated this? From 1735 to now, the second-largest coin has rebounded over 19% from its lows. Plus, after the recent rally back to 2000, it hasn't fallen back down, indicating that the main players have stabilized above the 2000 level in the short term. The bottom signal is confirmed. We just need to focus on defense, set stop-losses, and then leave the rest to time to bring peace of mind for northbound movement.

Before the article was published, the highest was 2085, the lowest 2005. It has now stabilized above the EMA15 line at 2009. The resistance at EMA30 around 2075 is quite close. The long-term moving averages EMA60 and around 120 are flat. The strategy needs to shift now: the bearish trend has broken, and a bullish trend is forming. The Bollinger Bands' middle line is at 1985, combined with the 2000 key level. The lower band is moving upward, indicating limited downside space. If the upper band breaks out with volume, targeting a surge to 2200-2400 mid-line resistance is highly probable.

Looking at the four-hour chart, the price has stabilized above three EMA trend lines. The key support is around 2010, where EMA30 and the Bollinger Bands' middle line overlap. The upper Bollinger Band has been rising and has reached 2090. MACD is rising with volume, DIF and DEA forming a golden cross above the zero line. The Fibonacci retracement resistance is at 0.786 at 2525. As long as the 2000 level holds, there is no need to worry about northbound movement. Patience and holding are enough—time to exchange for space.

Short-term reference: (Practical data updated. For details, consult the author)

Support from 2010 to 1960 for northbound movement, stop-loss at 40 points, target 2100 to 2150, break below to 2200.

If clear resistance appears at 2100 to 2150, consider light southbound positions, with a stop-loss at 2180. Target 2020 to 2000, with the main focus still on northbound movement.

Operational decisions should be based on real-time market data. For more information, contact the author. The article may have publishing delays. This is for reference only; risk is on the reader.