The daily line is a small bearish candlestick with a doji pattern, and the trading volume is basically flat compared to the previous day.
The daily MA30 line is still in a downward trend. The MACD is below the zero line, and near the point of decline, the downward trend may weaken. If there are bullish candlesticks in the next two days, the MACD will form a golden cross pattern, indicating that the price may still have a wave of upward movement. However, if Bitcoin falls, Ethereum will definitely follow suit.
As mentioned yesterday, when the price rises and meets the daily MA30 line, it will definitely need to adjust downwards. The price did indeed face resistance at the daily MA30 line and started to decline.
Next, we still need to observe how Bitcoin moves. If Bitcoin rises, Ethereum will fall; if Bitcoin falls, Ethereum will also fall. Only if Bitcoin maintains a narrow range of fluctuations can Ethereum have a chance to catch up.
Currently, it is still just a rebound trend in a downward trend, not a reversal.
Daily level resistance is at 2530-2690-2730, and support is at 2120-2000-1860.
From Ethereum's liquidation heatmap, we can see that
As the price rises, there are a large number of significant short positions waiting for liquidation in the 2460-2560 range.
As the price falls, there are a large number of significant and super-sized long positions waiting for liquidation in the 2392-2304 range.
