The key is whether it can rise above 1848.78

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(ETHUSDT chart)

As the price of BTC rises, ETH is also showing a rise.

Since ETH is the coin that occupies the second largest share in the coin market after BTC, the rise of both coins may mean that the coin market is showing an upward trend.

Therefore, in normal market conditions, BTC and ETH often show rising trends alternately.


The upward trend of BTC and the upward trend of ETH are different.

While BTC's bull run is likely to continue, ETH's bull run is short-lived.

Therefore, I think it will be helpful to modify your trading strategy by checking which coin is leading the market.


(1M charts)

The key is whether it can rise above 1941.9 and escape the downward trend line.


(1W chart)

The key is whether the price can be maintained above 1783.0 and rise above 2096.39.

Even if it falls below 1678.12, it is expected to rise as long as it does not fall below the downtrend line.


(1D chart)

Looking at the big picture, it is currently forming a large box section and showing sideways movements in that section.

Accordingly, the key is which direction to break through this box section.

It touches around 1848.78 and is located near the M-Signal indicator on the 1M chart.

Therefore, the key is whether it can be supported and rise in the 1714.26-1796.99 range.

Even if it rises above 1848.78, it is important to be able to receive support in the next box section, 1923.03-2104.60 section.

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- The big picture

The full-fledged upward trend is expected to begin when the price rises above 29K.

This is the section expected to be touched in the next bull market, 81K-95K.

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** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

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Comment:

(ETHUSDT chart)

(1M chart)

It is the most important key to whether it can escape the downward trend by rising above 1941.9.

To do this, you need to make sure you can be supported and rising around 1783.0.


(1W chart)

If it falls below 1783.0, the key is whether it falls below the trend line.

If it does not fall below the trend line, it is likely to rise again.


(1D chart)

Even if you are supported and rising near 1783.0, it is recommended that the box section formed in the 1923.03-2104.60 section can act as a resistance section.