The hourly trend is basically the same as Bitcoin, with the little brother following the big brother, but Ethereum is clearly weaker.
The daily chart shows a small bullish candle in the form of a doji, with trading volume slightly higher than the two weekend days, but still within normal trading volume. The price continues to fluctuate here.
The daily MA30 line has started to flatten after a downward trend, with the MACD below the zero axis, showing a weakening upward momentum.
The daily level still looks at how Bitcoin moves; the pressure of the daily EMA52 line (1890) is decreasing, making it easier to break upwards.
Ethereum has two possible trends ahead:
1. A large bullish candle breaks the 1890 position, directly reaching the 2000-2120 position before pulling back.
2. Continue to dawdle along with Bitcoin, experiencing a wave of daily-level downward fluctuations, returning to the 1600-1680 area for a second bottom before rising again.
How it goes specifically depends on whether Ethereum can become stronger.
The upward trend at the weekly level for Bitcoin has been confirmed, so Ethereum will definitely also have a good upward performance.
Daily level resistance at 1890-2120-2310, support at 1740-1688-1540-1460.
From the liquidation heatmap data of Ethereum, it can be seen that
the price is rising, with a large number of large and extra-large short positions waiting to be liquidated in the 1808-1884 area.
the price is falling, with a large number of large and extra-large long positions waiting to be liquidated in the 1736-1704 area.
