The hourly trend is synchronized with Bitcoin, with a rapid rebound after a decline.
The daily line is a small positive line with upper and lower shadows. The trading volume is one-third less than the previous day, but it is basically consistent with the average daily trading volume in the previous few days, which is a normal trading volume. The price rebounded and encountered the suppression of the daily MA30 line, forming an hourly downward trend. It is currently following Bitcoin in hourly fluctuations.
The daily MA30 line is still on an upward trend, and MACD is still in the process of returning to the zero axis from above the zero axis. After the price fell rapidly on the 5th and broke through the support of the daily MA30 line, it is currently running below the line. The recent strong support is still around 2350. There will still be a rebound here. The short-term trend depends on Bitcoin.
Daily level pressure level 2540-2740-2820-3066, support level 2350-2200-2130
From the Ethereum liquidation heat map data, 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 2520-2736 area.
The price is falling, and there are a lot of large long orders waiting to be liquidated in the 2452-2360 area
