#以太坊生态回暖
The weekend saw a surge in altcoins as Ethereum broke through 4100 and stabilized for two consecutive days, essentially setting the stage for the altcoin performances. Bitcoin and Ethereum moved in a seesaw manner over the weekend, showing a shift in strength. Currently, there is an intention to reach new highs. When this situation arises, we must pay attention to the trend of the ETH/BTC exchange rate for reference. After a continuous strengthening, the exchange rate is now just a step away from the historical pressure level of 0.0376, where reversals are more likely to occur. From a market perspective, this may lead to Bitcoin rallying to new highs while draining liquidity from Ethereum and altcoins!
However, this is not a big issue as long as Ethereum does not fall below the breakthrough level of 4100; any adjustments would be considered healthy, and it may even be an opportunity for reallocation and switching coins! As for Bitcoin, there's no need to say much: resistance is at the previous high of 123218, and support is at 118900 and 116800. The key to operations still lies in observing Ethereum's direction. Due to the daily chart's top divergence, Ethereum should avoid a high followed by a long upper shadow or a continuous decline with bearish candlesticks. Once the daily divergence is established, the degree of correction can be quite significant. The pressure range is 4410-4500, with support at 4100. Ethereum's weekly performance has been resilient, bouncing back, and combined with a strong monthly chart, the upcoming market conditions continue to be worth looking forward to!
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