Ethereum's trend appears to be slightly stronger; at the hourly level, it is still affected by Bitcoin's movements, but the rebound strength is somewhat greater. The price remains above the daily MA30 line, fluctuating within a large daily range. As long as the price does not fall below 2320, it will continue to oscillate within this large range. We currently need to wait for Bitcoin to adjust properly, and once Ethereum adjusts accordingly, there may be a good upward trend for Ethereum.
Yesterday it was mentioned: the price has fallen near the 8-hour EMA52 line, where there is support, but it is not the primary level. Therefore, after the rebound, the price still needs to approach the 12-hour EMA52 line (around 2440). So next, we can go long at this position to capture a rebound.
Daily level resistance at 2700-2820-3066-3300, support at 2560-2440-2310-2200-2130
From the Ethereum liquidation heatmap, it can be seen that
the price has risen, with a large number of significant and super-large short positions waiting for liquidation in the 2552-2824 range
the price has fallen, with a large number of significant and super-large long positions waiting for liquidation in the 2484-2420 range
