The weekly chart shows a long bullish candle, with trading volume at three-quarters of the previous week, which is normal. The body of the bullish candle exceeds half of the body of the previous week's bearish candle, indicating strong upward momentum.
The price is still running below the MA30 line, which is also in a downward trend. The MACD shows a strengthening upward momentum near the zero line.
Just look at Bitcoin to see the direction. Continue to challenge 2730-2900.
The daily chart shows a small bullish candle with short upper and lower shadows, and the trading volume is twice that of the previous day, but there is no significant increase; it is normal trading volume.
The price increase has encountered pressure from the daily MA30 line, forming a small-level pullback. The pressure from the MA30 line is decreasing, making it easier for the price to break through. The daily MA30 line is still in a downward trend, and the MACD shows a weakening downward momentum near the zero line, with the fast and slow lines about to golden cross, and the upward trend will continue.
The price has returned to the area within the red box, so next, as Bitcoin rises, Ethereum will follow suit, continuing to test the upper edge of the red box area for pressure. Short positions can be taken at daily level resistance, but be mindful to take profits in a timely manner.
The altcoins in the Ethereum ecosystem will follow a wave of increase, #ssvusdt #ENS #ldo #ETHFI all of these can experience a short-term increase.
Daily level resistance is at 2610-2730-2890, support is at 2410-2310-2120.
