The daily chart shows a small bullish candle with a long upper shadow and a short lower shadow. The trading volume is a quarter more than the previous day, but about half less than when it was declining two days ago. It continues to maintain a fluctuating upward trend, but the resistance at the $4000 level is relatively strong.
The daily MA30 line maintains an upward trend, and the MACD shows a weakening downward momentum above the zero axis.
Yesterday's hourly trend started with a spike in the morning, followed by a consolidation at high levels in the afternoon. After the U.S. stock market opened, there was an attempt to break through $4000, but it did not succeed, and then it began to fluctuate downward, retracing to the hourly support level.
At the $4000 level, after waiting for the hourly adjustment to complete, it will definitely continue to push upward. This position will also repeatedly oscillate up and down to wash out positions. Breaking above $4100 will open up new upward space.
The trend at the level of movement is still quite strong, and the rise of Ethereum is not over yet.
Daily resistance levels are 4100-4290-4500; support levels are 3710-3540-3460-3270-3070.
From the hourly perspective, the current move is a rebound within a 12-hour cycle returning to the 1-2 hour EMA52 line, and there will be a rebound trend at the hourly level.
In the short term, you can go long at 3830 and short at 4100.
From the three-day liquidation heat map view.
The price is rising, and there are a large number of significant short positions waiting to be liquidated in the 3988-4100 range.
The price is falling, and there are a large number of significant long positions waiting to be liquidated in the 3828-3636 range.
