It was mentioned yesterday that Ethereum remains strong, with another bullish candle on the daily chart, and the price continues to hit new highs. Currently, Ethereum still shows a relatively strong trend, with altcoins all rising.
If the $4000 integer level can remain stable for the next three days, it will be considered a preliminary stabilization, and the price will continue to push up to attempt to break through the previous high of 4170.
The daily MA30 line maintains an upward trend. If today closes with a bullish candle, the MACD will golden cross, meaning the daily MA30 line rebound is effective, and the price will continue to rise.
Our strategy is to reduce positions around $4000, wait for stabilization, and then re-enter; risk control is the top priority.
Currently, it is following the rebound of the 1-day MA30 line within the 4-hour MA30 line rebound, within the 30-minute rebound, within the 15-minute rebound showing insufficient upward momentum returning to the 15-minute EMA52 support trend, there will be a 15-minute level adjustment, and if it retraces to the 30-minute and 1-hour EMA52, it can continue to make short-term long positions.
Daily level resistance at 4170-4370-4620, support at 3890-3650-3540-3410
