Bitunix analyst suggests: Ethereum data platform bearish sentiment is 51%, short-term focus on 1950 pressure and 1850 support, operate with caution
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On March 17, the price of Ethereum (ETH) was around $1,901.01, up $15.04 (+0.8%) from the previous day. Last week, Ethereum ETFs were net sold for 4 consecutive days, but the price still did not hit a new low. Bitunix analyst: The recent Ethereum price has been fluctuating in the range of $1,850 to $1,950, and the market sentiment is leaning towards caution. The current key support level is at $1,850, and if it falls below this level, it may further drop to $1,800. The resistance levels are between $1,950 and $2,000, and breaking through these levels may drive the price to rise further. Investors should pay attention to changes in macroeconomic factors and technical indicators, operate cautiously, and avoid high-risk trading during periods of high market volatility.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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