The trend is basically synchronized with Bitcoin, and the hourly level of volatility is also decreasing.
The daily line is also in a doji star pattern, with trading volume shrinking. The daily MA30 line is still trending flat, and the MACD is showing a weakening downward momentum near the zero axis. The price is also at the lower edge of the red box area, which happens to be oscillating near the daily EMA52 line.
If Bitcoin does not drop and continues to oscillate, Ethereum should make a push upward, but an increase does not mean Ethereum will dominate; rather, it will rebound and then drop back again. Therefore, caution is needed regarding Ethereum's false signals. It is still not a good time to rise. Better opportunities will appear after Bitcoin's downward adjustment.
When Bitcoin drops, Ethereum will certainly follow suit. After breaking below the lower edge of the red box, rebounds can be used to short in batches.
After finding support near 2320, it rebounds again, while stronger support will be around 2130, which is also near the daily MA120 line. When it reaches this level, one can boldly enter the market.
Daily level resistance at 2630-2770-2960-3060, support at 2430-2320-2200-2130.
From Ethereum's liquidation heat map, it can be seen that
the price is rising, with a large number of significant and ultra-large short positions waiting for liquidation in the 2548-2656 area.
the price is falling, with a large number of significant and ultra-large long positions waiting for liquidation in the 2476-2376 area.
#ETH#ETH走势分析
