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Recently, the fluctuation in the crypto assets market has drawn attention. After Bitcoin hit the bottom yesterday, other crypto assets also stopped falling. As long as Bitcoin remains stable, other coins are likely to continue the rise trend.
Ethereum, as an important market indicator, is currently maintaining a strong momentum. This is a positive signal for UNI, which is highly correlated with Ethereum. From a technical perspective, the Ethereum weekly chart shows that the upward space has opened up, and this week's increase has not exceeded last week's, indicating there is still upward potential. If it breaks through the resistance level of 3140-3150 USD, the next target may be 3180 USD, followed by 3230 USD.
UNI is expected to follow in the footsteps of Ethereum. It is trying to break through and stabilize at the $9.4 mark, after which it may advance towards the $10.25-10.35-10.5-10.6 range. It is worth noting that during the upward movement, UNI may first touch the $10.17-10.19 range, and then it may only break through $10.25 on the second attempt.
Although UNI fell yesterday along with Bitcoin, it only reached the expected normal decline position and did not show a deep pullback. Unlike Bitcoin, UNI did not fall below the weekly opening price, which indirectly reflects that UNI's fundamentals are even more solid than Ethereum.
Overall, in the current market environment, UNI demonstrates strong fall resistance and rebound potential. Investors should closely follow market trends, rationally view short-term fluctuations, and pay attention to long-term development trends.