The hourly trend is basically synchronized with Bitcoin, but not as strong as Bitcoin.
Yesterday I said that a divergence pattern has appeared at the 2-hour level, and the price has been fluctuating downward at the 2-hour level. The price is currently fluctuating around the 2-hour EMA52 line, and the 2-hour MACD has crossed below the zero axis, so the 2-hour level does not provide support. The price is likely to continue to fall to the 4-hour, 6-hour, and 8-hour EMA52 line to find support (2398-2290-2210), and then continue to rebound and rise.
If the short-term long order given yesterday had entered the market at 2510, it would have achieved a maximum increase of almost 3.4%. The next entry point for the short-term long order will be the 4-hour EMA52 line, which is around 2398, and there should be good returns.
Daily level pressure level 2860-3065-3260, support level 2398-2290-2160-2000
From Ethereum’s liquidation heat map, we can see
The price is rising, and there are a lot of large short orders waiting to be liquidated in the 2600-2800 area.
The price is falling, and there are a lot of large long orders waiting to be liquidated in the 2504-2384 area
