The daily chart shows a bullish candle with a trading volume higher than the previous days, indicating a volume-driven rise. The daily MA30 line maintains an upward trend, and the MACD shows weakening bearish momentum above the zero line, with the fast and slow lines about to form a golden cross. The price is just one step away from $4000; breaking through and stabilizing above it can open new upward space.
Ethereum remains strong and has not shown a rapid decline for a retracement.
Currently, it is showing a top divergence in the 15-minute rebound within the 30-minute rebound inside the 4-hour MA30 rebound of the daily MA30 line, indicating a 15-minute level adjustment. A retracement to the 30-minute and 1-hour EMA52 allows for continued short-term longs.
If Ethereum reaches a new high, then altcoins will have a nice rebound market.
Daily level resistance at 4000-4170-4370-4620, support at 3650-3540-3410-3260-3100.
