The daily line is a small bullish line with long upper and lower shadows in a cross star shape, with a trading volume of more than 2.6 times that of the previous day, maintaining a fluctuating upward trend.
The daily MA30 line maintains an upward trend, and the MACD shows weakening downward momentum above the zero axis.
Ethereum also reached a new high, but it is passively following Bitcoin's rise. Therefore, when Bitcoin pulls back, Ethereum also experiences a pullback.
In the short term, it will continue to follow Bitcoin's trend. We need to wait for Bitcoin to break through the round number and stabilize before Ethereum can show a rebound.
According to previous trend conditions, Bitcoin will rise first, followed by Ethereum's rebound, leading altcoins to start rotating upward.
For Ethereum bought at a low position, just hold on and wait for Bitcoin to stabilize before continuing to push higher.
Daily level resistance at 4200-4290-4500, support at 3830-3650-3510-3420.
From the hourly level, it is currently showing a 12-hour rebound with a 4-hour rebound making new highs.
In the short term, one can go long at 3915 and 3880, and short at 4200.
From the three-day liquidation heat map,
the price is rising, with some large short positions waiting for liquidation in the 4108-4156 range.
the price is falling, with a large number of big and super large long positions waiting for liquidation in the 3936-3730 range.
