The daily line is a small positive line with a long upper shadow. The upward pressure is still quite large. After the price rose to around 2700, it was suppressed and fell back. It is currently fluctuating around 2600.
The trend is stronger than that of Bitcoin, and there is no obvious sign of an increase in trading volume. It is still mostly oscillating. From the figure we can see that it is still running in the wide range of oscillation in the red box. Only if it breaks through the upper edge of the red box with a large volume, will it have a chance to continue to rise.
Since MACD is still in the process of returning to the zero axis from the high position above the zero axis, it has been in a volatile trend in recent days. It is still a good opportunity to go long near the daily MA30 line (2500)
Daily level pressure level 2740-2820-3066-3300, support level 2520-2440-2310-2200-2130
From Ethereum’s liquidation heat map, we can see
The price is rising, and there are a lot of large and super large short orders waiting to be liquidated in the 2640-2744 area.
The price fell, and there were a lot of large and super large long orders waiting to be liquidated in the 2592-2436 area.
