The hourly trend is still following Bitcoin, and the daily chart is still maintaining a volatile consolidation trend, with no clear direction in the short term.
The daily chart shows a small bullish candlestick resembling a doji, with trading volume basically consistent with the previous two days, maintaining a contraction pattern.
The viewpoint remains the same as yesterday:
Currently, the daily MA30 line is still in an upward trend, so the daily level is still in an upward trend. The MACD is showing enhanced bearish momentum far above the zero axis, indicating that the adjustment at the daily level has not yet ended. As long as Bitcoin does not drop, Ethereum will continue to maintain this volatile trend. Caution is still needed for the hourly level to prevent rapid declines and rises. This wave of 12-hour upward movement has not yet ended. The current price has retraced to the 6-hour EMA52 line and is almost back to the 8-hour EMA52 line. Coincidentally, the 6-8 hour MACD has also returned to the zero axis, forming a short-term rebound. However, the upward momentum at the 6-8 hour level has already weakened significantly. It is best if the price can retrace to the 12-hour EMA52 line (around 2362) before making a rebound.
Daily resistance levels are at 2750-2860-3065-3260, and support levels are at 2460-2360-2260-2120-2000
From the Ethereum liquidation heatmap, it can be seen that
the price is rising, with a large number of large and extra-large short positions waiting to be liquidated in the 2588-2660 range
the price is falling, with a large number of large and extra-large long positions waiting to be liquidated in the 2516-2392 range
