Daily Market Analysis——ETH
Ethereum faced resistance while trying to break the 3400 high, followed by a pullback, which is a brief rest after a long rush. Established public chains (XRP/VET/XLM) are competing with each other, significantly surging, seemingly waiting for big brother ETH to break 3500 and soar.
1. Daily and Weekly Analysis: Showing an upward trend on the daily chart.
2. Hourly Performance: Starting to oscillate at a high level.
Ethereum is just a step away from the last strong resistance level of 3500, and with a little time, it may successfully break through.
Summary: Ethereum is not incapable; it just arrived a bit late. Currently at position 3347, do not go long, it is recommended to chase long above 3500.
