The weekly line is a small negative line in the shape of a cross star. The trading volume is less than in the previous few weeks, and it still maintains a wide range of fluctuations. The price is still suppressed by the weekly MA30 line. The weekly MACD shows an increasing upward momentum near the zero axis. It is still in a state of accumulating momentum, with a wide range of fluctuations to absorb funds. As long as Bitcoin is adjusted in place and starts to fluctuate, Ethereum will definitely take the opportunity to make trouble.
The daily line is a small positive line in the form of a cross star with a lower shadow, and the trading volume is basically the same as the previous day, so it is in a state of shrinking adjustment. The daily MA30 line is still in an upward trend, so the view is consistent with yesterday. As long as the price does not fall below the daily MA30 line, it is still bullish.
It should be noted that the price may follow the decline of Bitcoin and fall back to the neckline near 2320, and then form a relatively strong rebound at the hourly level.
The daily MA120 line has also begun to flatten. As the price fluctuates, this line will turn upward, and the rise of Ethereum will become more certain.
Daily pressure level 2700-2820-3066-3300, support level 2560-2440-2310-2200-2130
From the Ethereum liquidation heat map data, we can see
The price is rising, and there are a lot of large short orders waiting to be liquidated in the 2552-2716 area
The price is falling, and there are a lot of large long orders waiting to be liquidated in the 2464-2936 area
