The weekly line is a positive line with a long upper shadow and a short lower shadow, and an amplitude of more than 15%. The trading volume is basically the same as that of the previous week.
The weekly MA30 line began to flatten out from a downward trend, the MACD fast line crossed the zero axis, and the slow line was close to the zero axis below the zero axis, showing an increasing upward momentum.
The weekly level maintains an oscillating upward trend. The pattern of one yang line penetrating multiple lines with large volume last week has established an upward trend at the weekly level.
The short-term trend will be affected by Bitcoin, but there is still a lot of room for growth at the weekly level. When Bitcoin pulls back, Ethereum will also pull back, but after the pullback stabilizes, the rise will continue.
Hold on to your low-priced chips, the main uptrend is coming soon
The daily line is a small negative line with a long lower shadow and a short upper shadow. The trading volume is one-third less than the previous day, which is a high-level fluctuation trend.
The daily MA30 line maintains an upward trend, and MACD shows a weakening upward momentum at a far point above the zero axis.
The daily level is consolidating at a high level. The short-term price trend depends on Bitcoin. As long as Bitcoin does not fall, Ethereum will continue to rise after consolidation. However, if Bitcoin falls, Ethereum will also take advantage of the trend to move downward and wash out short-term profit-taking.
There was a large inflow of funds into U.S. stock ETFs last Friday, indicating that institutions have begun to deploy Ethereum and are optimistic about Ethereum's future growth potential.
You must be brave enough to get on board when the market is falling, because opportunities arise from declines.
Daily pressure level 3550-3650-3870-4010, support level 3237-3080-2950-2790-2650-2570-2440
From the hourly level, the current trend is a 3-hour rebound within a 6-hour rebound, and the strength of the rebound is a bit weak.
In the short term, you can go long at 3260 and 3190, and go short at 3400 and 3500.
From the three-day liquidation heat map
The price is going up, and there are a lot of large short orders waiting to be liquidated in the 3376-3388 area, 3408-3488 area, and 3504-3548 area.
The price is going down, and there are a lot of large and super large long orders waiting to be liquidated in the 3284-3172 area.
