The daily line is a relatively long bullish candlestick with a short upper shadow, and the trading volume has doubled compared to the previous day, indicating a volume-supported rise.
The daily MA30 line maintains an upward trend, and the MACD has shifted from increasing bearish momentum to increasing bullish momentum above the zero line. The influence of the large bullish candlestick has led to a reversal of the short-term strong trend.
The rise of Ethereum has driven the rise of various tokens in the Ethereum ecosystem. In the next three days, there will still be varying degrees of upward trends, and it is possible to capture a wave in the short term.
Currently, Ethereum is consolidating at a high level on the hourly chart. After the adjustment, it will further push upwards, but if Bitcoin falls, Ethereum will definitely follow suit.
We have always said that when others do not have confidence in Ethereum, that is precisely when you should buy.
The daily level resistance levels are 3550-3650-3870-4010, and support levels are 2970-2820-2650-2570-2440.
From the hourly level, it is currently showing a high-level consolidation trend formed from a 10-minute rebound within a 6-hour rebound, inside a 5-minute rebound.
In the short term, you can make short-long positions at 3310, 3250, and 3200, and short-sell at 3550.
From the clearing heat map over the past three days,
As prices rise, there are large short positions waiting to be cleared in the 3392-3420 and 3456-3480 regions.
As prices fall, there are some long positions waiting to be cleared near 3304, and in the 3232-3212 region, there are some large long positions waiting to be cleared.
