Family, there was a big stir in the cryptocurrency world last night! First, let's talk about Ethereum; that trend is really hard to grasp. The price is in the middle of the key support and resistance zones, and the direction is quite unclear. From a technical perspective, the short-term moving averages have shown a golden cross, and the price has broken through the long-term moving averages, indicating a potential rebound. However, the trading volume has significantly shrunk, and this volume-price divergence is really concerning, fearing it might be a false breakout. The daily line closed with a large bullish candlestick, showing that the bullish strength is still there, but the 2-hour level is only temporarily maintaining an upward trend.
Currently, Bitcoin is in a clear upward trend, with the moving average system showing a golden cross, and the price firmly standing above both short-term and long-term moving averages. There's also a bullish engulfing pattern, indicating strong bullish signals. However, the issue of shrinking trading volume also exists. The 2-hour candlestick has been oscillating upward and has reached a recent new high, with the MACD indicator showing that bullish momentum is dominant.
Additionally, the Polygon mainnet has completed the token migration from MATIC to POL, with a 1:1 exchange ratio officially in effect. This marks a comprehensive upgrade of the technical architecture and ecological vision, so in the Polygon ecosystem, we will have to deal with POL from now on.
Another big piece of news is that Uniswap Labs announced that Uniswap V4 will be launched after the Dencun upgrade. This V4 is not just any ordinary update; it will completely disrupt the DeFi infrastructure, allowing for the autonomous creation and management of token pools, adding new features through “hooking” in AMMs, and introducing a large contract framework to replace previous models. It feels like this will bring a major earthquake to the DeFi market. Last night in the cryptocurrency world was truly bittersweet, and I wonder what today will bring! Let's wait and see.
