Market Overview

Triggered by news, yesterday's price surged straight from around 1820, reaching a high of 2090 USD, but failed to stabilize effectively. Bullish momentum quickly exhausted, and the market is now in a correction phase of profit-taking.
Key conclusion: The short-term rebound structure remains intact, but the medium-term bearish trend has not reversed.
Multi-timeframe In-Depth Analysis
Intraday Hourly Level (Short-term Trading Core)
1. Key Price Levels (Must Remember)
◦ Resistance: First resistance at 2087-2100 USD (yesterday's high + psychological level), strong resistance at 2150 USD (bull-bear watershed).
◦ Support: 1930-1960 USD (yesterday's breakout above previous high + FVG gap).
Daily Level (Trend Judgment Core)
1. Structure: Still in the lower boundary of the downtrend channel, short-term moving averages (MA7/14) sideways, medium-term moving averages (MA30/60/90/120) in a bearish alignment, with price below all moving averages, indicating the medium-term downtrend remains.
2. Key Signal: Yesterday's large bullish surge but failed to break above the 30-day moving average, indicating a "technical rebound" rather than a reversal. If subsequent attempts cannot effectively break through 2150 USD, a return to sideways decline is likely.
News and Macro Impact (Driving Factors)
1. Positive Drivers: On the evening of March 2, Trump issued positive crypto news, stating Ethereum will be included in the US crypto strategic reserve. On March 7, a crypto summit was held, which was the core driver of last night's rally.
2. Negative Suppression: US January PPI exceeded expectations, Fed rate cut expectations delayed until July, and the high-interest-rate environment continues to suppress risk assets; Middle East geopolitical tensions, with funds favoring gold and other safe-haven assets.
3. Tonight's Key: Several Fed officials will speak, and their stance on rate cuts will directly impact the market. If hawkish signals are released, Ethereum may quickly drop to support at 1960 USD; if dovish, it may attempt to challenge resistance at 2100 USD.
Right-Side Trading Strategies
Strictly follow the principle of "Don't guess the top, don't bottom-fish," with two scenarios:
1. Long Strategy (Right Side): Wait for a rebound to stabilize in the 1930-1960 USD range (bullish engulfing or bottom pattern), enter with light position, no more than 2% of total funds, stop-loss at 1920 USD, first take profit at 2000-2030 USD, and hold through 2100 USD to 2150 USD if broken.
2. Short Strategy (Right Side): Rebound to 2060-2075 USD and face resistance (bearish engulfing or top pattern), enter with light position, stop-loss at 2100 USD, first take profit at 2000 USD, and target 1960-1930 USD if broken.
3. Risk Control: Avoid heavy positions with no stop-loss; resist the urge to hold through sharp declines.
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