Yesterday, the hourly level was in a strong sideways fluctuation. After the U.S. stock market opened, it rose and then began to fall. It was synchronized with Bitcoin. When the big brother fell, the little brothers all had to bow their heads. After stepping back to the 1-hour support level and rebounding, the price returned to the 1-hour support level and fluctuated (2590). This position (2560) is also the 4-hour MA30 line, so the price will be strongly supported here. There will still be a rebound next, and then it will turn into an hourly level sideways fluctuation trend. The fluctuation will not last too long, and the direction must be chosen.
Yesterday I said that Ethereum is still rebounding at the 12-hour level. The 12-hour MACD returned to the zero axis, and the price fell back to the 12-hour EMA52 line, so there was a rebound. Currently, the 12-hour MACD is about to form a golden cross. If it forms a golden cross, it will drive the price to rise. Let's see if it can continue to rise to break through the pressure of the upper edge of the red box (2740).
Daily level pressure level 2740-2820-3066-3300, support level 2560-2440-2310-2200-2130
From Ethereum’s liquidation heat map, we can see
The price is rising, and there are a lot of large short orders waiting to be liquidated in the 2628-2748 area
The price is falling, and there are a lot of large and super large long orders waiting to be liquidated in the 2556-2746 area and the 2468-2388 area.
