The daily line is a small bullish line with a long upper shadow, and the trading volume is one-fifth higher than the previous day, indicating an inertial upward movement.
The daily MA30 line maintains an upward trend, and the MACD shows an increasing momentum above the zero axis.
The price increase has encountered resistance at the 3500 integer level, leading to a downward correction. We also observed a significant inflow of funds into Ethereum from U.S. stock ETFs on Friday, especially from BlackRock's ETF, indicating that institutions are beginning to lay out their positions in Ethereum.
The price of Bitcoin has reached a certain height, and the increase will become smaller, which also means that the short-term upward space is limited. In contrast, Ethereum has more potential for upward movement.
We have always emphasized that Ethereum will have strong moments and have told everyone to buy in batches at low points. Just hold the spot bought at low levels. When Ethereum is strong, it will drive up the tokens of the entire Ethereum ecosystem, and tokens like $SSV and $LDO will definitely take the opportunity to perform well.
Daily level resistance at 3550-3650-3870-4010, support at 2970-2820-2650-2570-2440
From the hourly level, it currently follows the 6-hour level rebound that has a 1-hour rebound with a new high showing a top divergence pattern within the 30-minute level rebound, and the price still has one wave of upward movement at the hourly level.
In the short term, you can short at 3500, and go long at 3347 and 3290.
From the three-day clearing heat map view
The price is moving upward, with some large short positions waiting for liquidation around 3450, and a large number of significant short positions waiting for liquidation in the 3500-3545 area.
The price is moving downward, with a large number of significant and super significant long positions waiting for liquidation in the 3376-3164 area.
