2024.3.20 ETH Market Analysis and Trading Recommendations

2024.3.20 #ETH Market Analysis

Chart Analysis (H1 Chart)

1) Trend: Downtrend.

2) The EQL has been hunted here, and it is still in the process of falling. If it can break through 3367, the structure will be damaged. If it falls back, it will be a buying opportunity. Let’s look at the bearish OB test of H4 first.

Only when H4 is bullish on OB can we continue to look upward and test the previous high.

3) If it cannot break through 3367, the downward trend will still continue, and H4 will be bullish to obtain OB liquidity.

Trading recommendations:

1) The spot order is around 3,000.

2) Pay attention to 3367 and buy on the breakout.

PS: This article is only my personal opinion and is not intended as investment advice. Please be responsible for your profits and losses. The community morning report is updated twice a day, including market analysis of multiple trading pairs such as#BTC#ETH #SOL. Welcome to join the community to read.

热点：ETH