$ETH Thought:
Right now, the best result I want to see for Bitcoin is for Ethereum to hold steady, allowing Bitcoin to rise. Because only when Bitcoin starts to rise will altcoins begin to increase, and the sectors will rotate.
Bitcoin does not care about the fate of altcoins; it only cares about its own rise and may even drain altcoins, just like some people who have no responsibility and only boast all day. Unlike Bitcoin, which has responsibility; if I have a meal, the altcoins that follow me will also have something to eat, and will not drain altcoins. If I have no food, altcoins will also have no food and we will starve together. Bitcoin is about enjoying alone, while Ethereum believes it’s better to enjoy together. Bitcoin just wants to have fun by itself.
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Talking about the chart: Ethereum's hourly price level has consistently shown a 90-degree rise, but the trading volume has not followed, leading to a divergence at the hourly level. To resolve the divergence issue at the hourly level for Ethereum, we need a surge in volume when the US stock market opens tonight, which will help alleviate the divergence issue. Otherwise, persisting in a divergent rise is not very stable.
Ethereum should break through 1946 on high volume to buy more, and if it breaks 1938 on high volume, short positions should be pursued. Pay attention to changes in trading volume and set proper stop-losses.
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If Ethereum can break and stabilize above 1975 at the hourly level, it will look up to 2024-2079; let’s see if Ethereum can make a strong move tonight.
At the 4-hour level, if 1926 breaks down and cannot recover immediately, we should look for a pullback down to 1895-1852.
Continuing to look at the chart: If Ethereum's daily closing price can stay above the 50-day EMA tomorrow morning, then good days for Ethereum will come, and prices above 2000 will no longer be a dream.
If the Ethereum exchange rate can break and stabilize above 0.02029 tonight, we will look up to 0.02132-0.02202; the exchange rate must cooperate with Ethereum's rise, otherwise, Ethereum won't rise much higher. Meeting adjourned.