Bitcoin is rising, but Ethereum has not followed suit, meaning that funds are concentrated only in Bitcoin, while the funds in Ethereum still have significant divergence and have not formed a consensus.
The daily line is a small bearish candle with short upper and lower shadows resembling a doji pattern, with the trading volume about a quarter less than the previous day, indicating a shrinking volatility pattern.
The MA30 line for withdrawals is still in a slight downward trend, and the MACD is showing a weakening downward momentum near the zero axis. If a bullish candle forms in the next couple of days, a golden cross pattern will appear in the MACD, leading to a potential upward movement.
The price is still operating below the daily MA30 line, and after encountering resistance at the lower edge of the red box, it has formed a slight downward adjustment on an hourly level.
It is important to note that when Bitcoin falls, Ethereum will definitely follow. Only when Bitcoin is fluctuating at high levels can Ethereum have a chance to make up for the increase, so how things will unfold still depends on Bitcoin.
Daily level resistance at 2550-2690-2730, support at 2120-2000-1860
From the Ethereum liquidation heatmap, it can be seen that
the price is rising, with a large number of significant and oversized short positions waiting for liquidation in the 2456-2532 area
the price is falling, with a large number of significant and oversized long positions waiting for liquidation in the 2396-2296 area
