#Blockchain[Hot Topic]##Bitcoin Plummets 290,000 People Liquidated#
Ethereum's performance yesterday showed a nearly one-sided upward trend, once again breaking through recent previous highs, and as of the current moment, its price has vigorously risen to near the key resistance level of 3688.
From the perspective of technical analysis on the four-hour chart, the candlestick pattern has formed a consecutive sequence of eight bullish candles, and it is currently brewing a strong structure that could form nine consecutive bullish candles. In just one day, the price has strongly pulled up from a low of around 3255, with a cumulative increase of over 400 points.
The daily chart also recorded a significant bullish candle, indicating that Ethereum is currently in a phase of catching up. Based on the current technical patterns and market trends, it is reasonable to expect continued bullish momentum in the future.
Therefore, it is recommended to operate strategies around the vicinity of 3600 points in order to seize potential upward opportunities. #BTC☀ #ETH🔥🔥🔥🔥