March 11th 10:00 ETH Trend Analysis

Bare K and Volume: Despite such a long period, the market remains within the wide fluctuation range of 1824-2134. It is recommended to continue trading within this range. The 4-hour volume indicates that the bulls are 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 fluctuation 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 oscillations based on the 4-hour chart, with the upper band bearish and the lower band bullish. Use stop-loss orders to avoid holding wrong positions. This indicator still has significant reference value.
Supply and Demand: Resistance levels: 2066-100, 2156-2200, 2251-2294. Support levels: 1834-1865 or 1796-1825 (choose one of the smaller supports).
Vegas Channel: 4-hour resistance zone: 2041-2068, 2220-2284.
Fibonacci Sequence: For oscillating markets, Fibonacci levels on the 15-minute or 1-hour charts can be used for short-term trading. The retracement from 2199 to 1906 at 0.618 hits precisely at 2087(, and 0.786 at 2136. The upward correction 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 within the wide fluctuation range of 1824-2134. Trade accordingly—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.