ETH has been continuously strengthening recently, with the daily trend showing eight consecutive upward movements. The resistance above has been repeatedly broken, somewhat similar to BTC last week. After a correction and consolidation over the weekend, it continued to rise on Sunday evening. Therefore, it's very likely that on Monday, it will maintain the upward momentum just like BTC, followed by a pullback.



BTC over the weekend is in a volatile structure, with a relatively small range of movement. By Sunday night, there was some action, a slight rebound followed by a small pullback, and the overall parallel range has moved slightly upward. There are no arrangements for the evening, as we are waiting for the weekly closing. This week is in a correction phase, and the Bollinger Bands below the daily level have already contracted. Now, the focus is on the daily level, which has more downside space. If the weekly level opens up again and has plenty of room for extension, there is still the possibility of an upward trend. However, if it remains flat or turns downward directly, we expect a continuation of weakness. #btc#
BTC0.06%
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