Good news! Brothers, stop cursing, the second (Ethereum) has risen, yesterday it surged over 300, with an increase of more than 10%. The cryptocurrency world is truly a magical place, one moment thinking about why Bitcoin is close to 100,000, while Ethereum is still 3,000, the next moment it surges, a strong green candle breaks through this week's oscillation range, reaching above 3,300, and Bitcoin continues to lead the way with a 5% increase.
As of now, Bitcoin has hit a new high of 99,000 at 3 AM, and it seems that breaking 100,000 this month is not a problem. I mentioned yesterday that if Ethereum is below 3,000, it's a decisive buy, and it dropped to a low of 3,029 yesterday, followed by this strong green candle.
Let me share my latest thoughts on Ethereum, remember to like, follow, and bookmark.
First, I previously mentioned the Ethereum ETF staking; if it can pass, it would be absolutely good news for ETH.
Second, Ethereum is still the king of all chains, representing the entire cryptocurrency world’s technological application. Bitcoin is the largest cornerstone of the industry, as long as it stands strong, our crypto market will not collapse. The role of Ethereum is to expand and explore. It's still true that just because it isn't performing well now, doesn't mean it won't in the future. When it surprises, especially when Bitcoin is stable at high levels, Ethereum responds to the market's critiques with a strong green candle.
Now back to today's $BTC market analysis: From the K-line perspective, the 1-hour level is consolidating weakly, the 4-hour is slightly bullish, the 12-hour level is on the rise. The daily level is also on the rise. Today's resistance is at 100,000, support is at 95,700 USD. Note!!! Today's fear and greed index is at 94.