The weekly chart shows a large bullish candle with an amplitude exceeding 36%, and the trading volume is 70% more than the previous week, indicating a substantial upward trend.
The weekly MA30 line has started to flatten after a downtrend, and the MACD shows increasing bullish momentum close to the zero line.
A large bullish candle has penetrated all moving averages with a significant upward range. In the coming weeks, there will not be a continuous appearance of such large bullish candles, but rather alternating small bullish and bearish candles that will oscillate upward.
There is no sharp decline in the weekly chart; all are normal adjustment trends. The upward rhythm of the weekly level has begun, so do not try to catch the top; buy on dips.
The daily chart shows a small bullish candle with upper and lower shadows, with trading volume about 1.5 times that of the previous day, indicating a short-term price peak and a need for adjustment.
The daily MA30 line maintains an upward trend, and the MACD shows increasing bullish momentum above the zero line.
Since a strong bullish candle on the daily chart broke through several moving averages, Ethereum has maintained a strong upward trend. It is important to note that Grayscale still holds a large amount of Ethereum spot waiting to be sold, and there is also some degree of fatigue in Ethereum's rise. A downward adjustment is expected in the short term, which will be a normal hourly-level adjustment and will not lead to a sharp decline.
Pay more attention to altcoins in the Ethereum ecosystem, such as $LDO, $SSV, and $ENS at the bottom, and buy on dips.
The daily resistance levels are 3270-3535-3640, and support levels are 3070-2940-2760-2570.
From the hourly perspective, the 30-minute rebound has completed. The price has returned to the 1-hour EMA52 support line and made a rebound, but the 1-hour MACD has not completely returned to the zero line, so there is still room for downward adjustment in the hourly price.
You can go long at 3050 and 2980, and short at 3270.
From the three-day clearing heatmap,
Price is rising, with a large number of sell orders waiting to be cleared in the 3256-3328 area.
Price is falling, with a large number of buy orders waiting to be cleared in the 3068-3010 area, 2988-2900 area, and 2888-2800 area.
