The daily chart of Ethereum shows another doji candlestick pattern. There isn't much to say at the daily level; the sideways shrinking volume oscillation won't continue indefinitely, and a direction will soon be chosen. Be patient; as long as Bitcoin doesn't drop, Ethereum could see a big bullish candlestick at any time.
The view is consistent with yesterday:
The daily line is already moving along the daily EMA52 line. The daily MA30 line, which was in a downward trend, is slowly flattening out. The MACD fast line has crossed above the zero line, while the slow line is sticking close to the zero line, showing a slight weakening of bullish momentum. With this MACD trend, a single bullish candlestick will continue to enhance the bullish momentum.
The daily EMA52 line no longer poses a resistance level, making it easier for the price to rise and break through. Next, we just need to wait for a big bullish candlestick for the breakout. After the breakout, the target position for the rise will be at 2000, followed by the positions of the two blue lines.
The bullish trend at the weekly level for Bitcoin is confirmed, so any pullbacks are opportunities to buy Ethereum.
Daily level resistance levels are 2000-2120-2310, and support levels are 1740-1690-1540-1460
From the Ethereum liquidation heat map, we can see
The price is rising, with a large number of large and extra-large short positions waiting for liquidation in the 1876-1928 area
The price is falling, with a large number of large and extra-large long positions waiting for liquidation in the 1820-1716 area
