The hourly trend is synchronized with Bitcoin, showing narrow fluctuations.
The daily chart shows a small bullish candle in a doji star pattern, with trading volume around two-thirds of the previous day. The daily MA30 line has shifted from a downward trend to flat, and the MACD shows a weakening bearish momentum near the zero line. If we continue to see bullish candles today and tomorrow, the MACD will form a golden cross, leading to a wave of upward movement.
After a short-term price surge, it is still being pressured by the lower edge of the red box, but this pressure is decreasing. The price will continue to push upwards, with the next resistance being the daily MA30 line, around 2550.
Until the price stands above and stabilizes on the daily MA30 line, it will be regarded as a rebound rather than a reversal.
The daily resistance levels are 2550-2690-2730, and the support levels are 2120-2000-1860.
From the Ethereum liquidation heat map,
The price is rising, with a large number of significant short positions waiting to be liquidated in the 2456-2532 range.
The price is falling, with a large number of significant long positions waiting to be liquidated in the 2428-2300 range.
