The daily line is a large bullish candle with short upper and lower shadows, with an amplitude exceeding 11%, and trading volume slightly higher than the previous day, indicating a continuation of the upward trend after adjustment.
The daily MA30 line maintains an upward trend, and the MACD shows an increasing momentum above the zero line.
As we mentioned yesterday, after the adjustment, the upward trend will continue. Currently, Ethereum is starting to catch up, with funds from US stock ETFs buying in. We have been emphasizing that Ethereum will have a fairly good upward trend. When others are criticizing and not optimistic about it, you should definitely buy in. Friends who followed this advice are currently seeing nearly 50% profit in spot trading.
Spot positions bought at low levels can still be held, as this wave of daily level increase for Ethereum has not yet ended.
Daily level resistance at 3870-4010-4100, support at 3560-3237-3080-2950.
From the hourly level, it is currently moving in a 6-hour rebound with a 5-minute rebound making new highs, returning to the 5-minute zero axis trend.
Short-term long positions can be taken at 3580 and 3520, and short positions at 3720.
From the clearing heat map over the last three days.
Price is rising, with a small number of short positions waiting to be cleared in the 3690-3720 range.
Price is falling, with a significant number of large long positions waiting to be cleared in the 3532-3352 range.
