ETH

ETH AI trading (Date: 2025/03/14 02:00) summarizes the decision background.

Technical Analysis

The ETH price data over the last 300 days has shown a fluctuating pattern as indicated by several important technical indicators. The rise in the lows while the price was forming a high suggests the strength of the uptrend. The current price is trading below the 50-day moving average, indicating a temporary downtrend.
The Relative Strength Index (RSI) is trading below 30, indicating an oversold condition. An RSI below 50 supports this and may signal a price reversal. Additionally, the MACD (Moving Average Convergence Divergence) has recently shown a negative crossover. This signal indicates a short-term downtrend, but if it reaches the support level of 4,700,000, there is a possibility of more buying pressure coming in.
Finally, the contraction of the Bollinger Bands indicates that volatility is expected to increase in the future. Therefore, it is important to closely monitor the price trend.

External Factors Analysis

Recently, the cryptocurrency market, including ETH, has become more volatile as it reflects global economic and political instability. In particular, concerns over rising prices and interest rate hikes are negatively impacting the market, which can dampen investor sentiment.
As uncertainty in the global economy has increased, many traders are moving funds to safe assets, leading to a decrease in demand for cryptocurrencies. Additionally, regulatory issues in North America and Europe are making investment decisions regarding ETH more difficult.
On the contrary, positive factors include the ongoing upgrade to ETH 2.0 and the resulting strengthening of the network, as well as the expansion of innovative decentralized finance (DeFi) solutions, which have the potential to drive its value up in the future.