As mentioned yesterday, Ethereum still needs to continue rising, breaking through in an upward wave. As long as Bitcoin does not drop, Ethereum will continue to rise and attempt to break through the neckline pressure at the 2800-2850 level.
At the same time, be wary of false breakouts here, where the price spikes up and then falls back down.
From the daily chart, we can see that during the previous period from August to November 2024, the price also reached this area multiple times, after which it was suppressed and experienced a downward adjustment.
The pressure on Ethereum's current price increase will become greater. It either needs to break through strongly and stand above 3000 in one go, then oscillate at a high level to build momentum before continuing to rise, or it will still have to undergo a wide-ranging oscillation trend on the daily chart to complete its adjustment and buildup.
Daily level resistance levels are 2750-2860-3065-3260, and support levels are 2520-2350-2250-2160-2000.
From the Ethereum liquidation heat map, we can see
The price is rising, with a large number of significant short positions waiting to be liquidated in the 2676-2768 area.
The price is falling, with a large number of significant long positions waiting to be liquidated in the 2620-2512 area and the 2452-2376 area.
