Recently, Ethereum has shown strong performance. From the daily chart, its price volatility has exceeded 11%, and trading volume has significantly increased, indicating that the upward trend has restarted after the adjustment.
The MA30 line continues to rise, indicating that the current trend is positive; at the same time, the MACD indicator also shows an increase in upward momentum, remaining above the zero axis.
As we predicted earlier, after the adjustment, Ethereum welcomed a rebound, and the influx of funds is strong, especially driven by the U.S. stock market.
If you bought Ethereum at a low price, the current spot profit is close to 50%. For holders, it is recommended to continue holding, as the upward trend of Ethereum may not yet be over.
From a technical perspective, the resistance level on the daily chart is in the range of 3870 to 4100, while the support level is in the range of 3560 to 2950. For short-term operations, consider buying around 3580 and 3520, and selling around 3720.
In addition, based on the three-day liquidation heatmap, if the price continues to rise, there may be a large number of short positions liquidated in the range of 3690 to 3720; if the price declines, a large number of long positions may be liquidated in the range of 3532 to 3352.
Overall, Ethereum's trend remains strong. If you are confident in the market, you can continue to hold or look for buying opportunities at the right time.
