Share the current market analysis.

Weekly:

Last week closed with a star line with a long upper shadow and slightly increased volume, having tested a breakthrough of the historical high pressure level. The long upper shadow indicates strong resistance above. Currently, it is still in a consolidation phase within the 89865-108364 oscillation range, and there has yet to be a clear bearish reversal signal. Observe whether this week will test the high point again.

Daily:

On January 20, a bullish line with a long upper shadow and increased volume was formed, followed by a confirming candlestick, which is an inverted hammer line, indicating that the market has stopped falling. The subsequent market is oscillating above the support level of 99881. This morning's closing was a shrinking bearish pattern, but the support level here is relatively strong. If the market continues to oscillate without breaking below the support level of 99881 with a significant volume drop, then the probability of testing the high point again will be relatively large.

Summary:

The background of the weekly level is in the mid-stage of a bull market, and the closing situation indicates strong selling pressure above, but the bearish signals are not very significant, so it is necessary to observe the subsequent closing situation to increase the basis for judgment.

The daily level is in a consolidation trend after an upward trend, breaking out of a small oscillation range. Observe whether the subsequent testing of the high point can break through the 108364 level with increased volume. If it breaks above, it will restart a new upward trend.

The Ethereum Prague upgrade is tentatively scheduled for March 11, but if delayed, it may be postponed to late March. Therefore, after this adjustment, there might be a wave of market movement before March. Historically, most upgrades are usually preceded by a good market trend. History may not repeat itself, but it often comes remarkably close.