The hourly level is moving in sync with Bitcoin, with a slightly larger increase.
The daily line is also a big positive line, and the transaction volume is more than twice the average daily transaction volume on weekends, but compared with the average daily transaction volume on weekdays, it has not increased much.
The daily MA30 line is flattening, and the MACD shows a weakening downward momentum above the zero axis. The fast and slow lines are about to form a golden cross. If a golden cross occurs, then the daily level rebound will also take effect, and there is room for further price increases.
It should be noted that the current price has once again come to the upper edge of the red box oscillation area. From the previous trend, we can see that the price has touched the upper edge of the red box many times and was suppressed and formed a downward trend. Therefore, at this position, long orders should be appropriately reduced to protect profits.
Once the price breaks through the suppression of the red box (2730), you can chase a short-term long order. If you are more conservative, wait until the price retraces after the breakthrough before entering the market.
Daily level pressure level 2730-2820-3066, support level 2550-2350-2200-2130
From Ethereum’s liquidation heat map
A large number of short orders have been liquidated. There are no short orders waiting to be liquidated. It takes time to wait for the accumulation of short orders.
The price fell, and some long orders in the 2568-2520 area were waiting to be liquidated, and a large number of large long orders in the 2500-2392 area were waiting to be liquidated.
