The weekly chart shows a large bullish candle followed by a small bullish candle in a doji pattern. The trading volume has remained roughly stable for two weeks, and the price rebounded after retracing near the blue line at 2120.
The weekly MA30 line is still in a downward trend, and the MACD shows an increasing bullish momentum below the zero axis.
The price closed above the weekly MA30 line, which is also near the midpoint of the red box. I remain bullish for this week.
The daily chart shows a bullish candle with upper and lower shadows, and the trading volume is significantly higher than the previous day, but still within a normal range. The daily MA30 line is slightly upward, and the MACD is entangled near the zero axis. The price closed above the daily MA30 line. The short-term trend still depends on Bitcoin's movement; if Bitcoin chooses to break upwards and reach new highs, Ethereum will likely follow with an upward move, attempting to break through the resistance at the upper edge of the red box. The daily resistance levels are 2620-2730-2850-3000, and the support levels are 2430-2320-2130.
