The hourly level still follows Bitcoin, but currently it is relatively weak, and the daily line is already close to the daily EMA52 line.
The daily MA30 line has slowly begun to flatten from a downward trend, the MACD fast line has crossed above the zero line, and the slow line is close to the zero line, showing a slight weakening of upward momentum. With this MACD trend, as long as there is one bullish line, it will continue to transition to a strengthening upward momentum.
We mentioned before that if the price continues to oscillate here, then the daily EMA52 line no longer constitutes a resistance level, making it easy for the price to break upward. Next, we just need to wait for a large bullish line to break through.
After the breakthrough, the target price for the rise will be at 2000, followed by the positions of the two blue lines.
The upward trend at the weekly level for Bitcoin has been confirmed, so any pullback is an opportunity to buy Ethereum.
Daily level resistance is at 2000-2120-2310, and support is at 1740-1690-1540-1460.
From Ethereum's liquidation heatmap, it can be seen that
the price is rising, with a large number of high and super high short orders waiting for liquidation in the 1868-1928 area, with the key liquidation point around 1880.
the price is falling, with a large number of high and super high long orders waiting for liquidation in the 1828-1696 area.
