Ethereum market analysis
March 29, 2024 1:00 a.m. Beijing time
1. As one of the main representatives of cryptocurrency, Ethereum’s trends are usually similar to Bitcoin. Generally speaking, it will not go out of independent market. I am personally optimistic about Ethereum passing through ETFs (exchange-traded funds), although Wall Street analysts give a pass rate of only 28-30%.
2. The key price points we focus on include: resistance levels of $3870 and $3980, and support levels of $3430, $3280 and $3170.
3. We will watch near the support level and consider going long. A partial position can be opened now to avoid missing out on an immediate price increase. The same is true for other altcoins.
4. Finally, I would like to remind everyone that you must control your investment positions and strictly conduct risk management.
