The hourly trend is synchronized with Bitcoin, but the rebound strength is clearly stronger than that of Bitcoin.
The daily level will still maintain a wide-range fluctuation in the red box area. It is important to note that while Bitcoin continues to maintain a narrow fluctuation at the daily level, Ethereum will experience a breakthrough rally, with the breakthrough position still around 2740, and the breakout can be chased long.
Currently, the daily MA30 line is still in an upward trend, and the MACD is continuing to return to the zero axis from a high position, showing a weakening downward momentum. Continuing to oscillate for a few days while waiting for the MACD to return near the zero axis will make the subsequent rise healthier.
Currently, Ethereum is still in a 12-hour level rebound. The 12-hour MACD is returning to the zero axis, and the price has retraced to the 12-hour EMA52 line, leading to a rebound. We expect a breakthrough rally to occur.
Daily level resistance at 2740-2820-3066-3300, support at 2560-2440-2310-2200-2130
From the Ethereum liquidation heatmap, it can be seen that the price increase has liquidated a large number of substantial and oversized short positions, aiming to seize the liquidity of short contracts.
With the price increase, there are still a large number of substantial short positions waiting for liquidation in the 2616-2640 range.
With the price decrease, there are some substantial long positions waiting for liquidation in the 2516-2476 range, and a large number of substantial and oversized long positions waiting for liquidation in the 2468-2388 range.
