Ethereum has closed with a doji candlestick pattern for four consecutive days, maintaining a gradual upward trend. However, the price is experiencing considerable fluctuations at the hourly level, and trading volume continues to increase. This could easily lead to a rally, breaking above and pushing higher. If it's strong enough, it could break the $2800 resistance level, which is also a neckline pressure point, and then continue to approach the $3000 level.
In recent days, Bitcoin has been strong, while Ethereum is making way for Bitcoin's rise.
This wave of increase is still at the 12-hour level, having pulled back to the 12-hour MA30 line, which happens to coincide with the 6-8 hour EMA52 line. The MACD has also returned to the zero axis, so we should see a 6-8 hour level resonance upward. From this perspective, Ethereum is also set to make a move.
Therefore, as long as Bitcoin does not decline from its high level, Ethereum will have a rally to catch up.
Daily level resistance at 2750-2860-3065-3260, support at 2350-2250-2160-2000
From the Ethereum liquidation heatmap, we can see
the price is rising, with a large number of significant short positions waiting for liquidation in the 2620-2690 range
the price is falling, with a large number of significant and oversized long positions waiting for liquidation in the 2452-2308 range
