The hourly trend is moving in sync with Bitcoin and has not continued to show an independent strong trend.
This wave is a 12-hour level increase, and currently, there is also insufficient upward momentum, barely forming an invisible top divergence. The current price rebounded after being supported by the 6-hour EMA52 line and is now in a consolidation phase. The support level at the 6-hour level is easily broken, and the price needs to continue to drop to seek support near the 12-hour EMA52 line, which is around 2315, coinciding with the position of the upper blue line.
At the daily level, in the short term, it is still mainly following Bitcoin, requiring a period of adjustment before seeing if it can continue to rebound and rise.
The strong support position at the daily level is at the daily MA30 line, which coincidentally is the same as the MA120 line position. Together they form strong support. If the price drops and pins down to here, it would be bold to enter, with the price at 2212.
Daily level resistance at 2750-2860-3065-3260, support at 2410-2320-2210-2120-2000
From the Ethereum liquidation heatmap, it can be seen that
the price has risen, with a large number of large and extra-large short positions waiting for liquidation in the 2588-2780 area
the price has dropped, with a large number of large and extra-large long positions waiting for liquidation in the 2500-2384 area
