The daily line is a negative line with upper and lower shadows. The trading volume is basically the same as the previous day. The negative line entity engulfs more than half of the positive line entity of the previous day. The short-term top pattern has appeared.
The daily MA30 line maintains an upward trend, and MACD shows a weakening upward momentum above the zero axis.
In yesterday’s market analysis, we have already told you in advance that the price of Ethereum continues to rise, and it feels like it is accelerating to the top. We need to pay attention to the trend of a downward pullback. The current market is moving in the direction we predicted.
What follows is a period of oscillating downward retracement, but there will not be a sharp drop, so there is no need to worry too much. After adjustments, there will be a good upward trend.
Daily level pressure level 3450-3535-3640, support level 3180-3070-2940-2760-2570
From the hourly level, it is still rebounding at the 1-hour level, and a top divergence pattern has occurred at a new high. The price is currently fluctuating around the 1-hour EMA52 line, but it is not enough to support the continued rise in prices. It is easy to fall to a larger level to find support and then rebound.
In the short term, you can short at 3308 and 3370, and go long at 3155 and 3000
From the three-day liquidation heat map
The price is going up, and there are a lot of large short orders waiting to be liquidated in the 3308-3420 area and the 3452-3492 area.
The price is going down, and there are a lot of large and super large long orders waiting to be liquidated in the 3204-3024 area.
