The daily line is a bullish candlestick with an upper shadow, and the trading volume is slightly higher than the previous day, continuing to maintain an upward trend.
Two consecutive days of large bullish candles have exhausted the bullish momentum, and a short-term adjustment is needed. The price peaked at around 2500 yesterday, which happens to be a retracement level from the decline in February, also acting as a neck line resistance. There are quite a few trapped positions in the 2500-2900 area, and it won't surge directly in one go in the short term.
The best scenario is to return to the 2120-2320 area for some consolidation, shaking off the trapped positions, while also clearing out the positions from the bottom, and then making an upward move.
Daily level resistance at 2450-2510-2690, support at 2240-2120-2000-1890-1740
From the Ethereum liquidation heatmap data, it can be seen that
the price has risen, with some large short positions waiting for liquidation in the 2384-2500 area
the price has fallen, with a large number of long positions waiting for liquidation in the 2268-2088 and 2050-1868 areas, with key liquidation levels located in the 2268-2210 area
