The weekly line is a large bullish candlestick with an amplitude exceeding 36%, and the trading volume is 70% more than the previous week, indicating a volume-driven increase.
The weekly MA30 line has started to flatten out from a downward trend, and the MACD shows increasing bullish momentum close to the zero line.
A large bullish candlestick has broken through all moving averages, and the increase is significant. In the coming weeks, such large bullish candlesticks will not continue to appear consecutively; instead, small bullish and bearish candlesticks will alternate and oscillate upwards.
There is no crash trend at the weekly level; all are normal adjustment trends. The upward rhythm at the weekly level has already begun, so do not try to call the top, but buy on dips.
The daily line is a small bullish candlestick with upper and lower shadows, and the trading volume is 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 an increasing bullish momentum above the zero line.
Since a large bullish candlestick on the daily line has strongly broken through multiple moving averages, Ethereum has remained strong in its upward trend. It is important to note that Grayscale still holds a large amount of Ethereum spot waiting to be sold, and the upward trend of Ethereum has shown some signs of fatigue, with a short-term downward adjustment expected. This adjustment is a normal hourly-level correction and will not lead to a crash.
Pay more attention to altcoins within the Ethereum ecosystem, such as $LDO, $SSV, and $ENS at the bottom, and buy on dips.
Daily level resistance at 3270-3535-3640, support at 3070-2940-2760-2570.
From the hourly level, the 30-minute rebound has completed. The price has returned to the 1-hour EMA52 support line for a rebound, but the 1-hour MACD has not fully returned to the zero line, so there is still room for downward adjustment at the hourly level.
Short-term buying can be done at 3050 and 2980, and shorting at 3270.
From the three-day liquidation heatmap,
Price is rising, with a large number of short positions waiting to be liquidated in the 3256-3328 range.
Price is falling, with a large number of long positions waiting to be liquidated in the 3068-3010 range, 2988-2900 range, and 2888-2800 range.
