The hourly trend of Ethereum is still following Bitcoin, and there is currently no independent market.
There is still not much to say at the daily level, maintaining a narrow range of fluctuations, and it is about to change direction. It will either erupt in silence or perish in silence.
But remember, a skinny camel is bigger than a horse. Even if Ethereum is to perish, before it dies, there will be a bounce. So I still believe that Ethereum will have a quite good increase at the daily level. In other words, the change will still be upward, which is at the daily level.
As for the hourly trend, whether it will drop first then rise or rise directly has too much uncertainty to predict.
We will quietly wait for the direction to appear.
Daily level resistance at 2000-2120-2310, support at 1760-1690-1540-1460.
From the Ethereum liquidation heat map, it can be seen that
The price is rising, and there are a large number of significant and super large short positions waiting for liquidation in the 1824-1900 range.
The price is falling, and there are still a large number of significant and super large long positions waiting for liquidation in the 1760-1700 range.
