The daily line is a small positive line with long upper and lower shadows, similar to a cross star shape. The trading volume is twice that of the previous day, maintaining an oscillating upward trend.
The daily MA30 line maintains an upward trend, and MACD shows an increasing upward momentum above the zero axis.
Ethereum fluctuated upwards at the hourly level yesterday. It crashed after the opening of the U.S. stock market, and then rebounded quickly and hit a new high. This shows that the buying is huge, but the buying is even stronger.
The one dumping the market here is probably Grayscale, while the buyers are BlackRock and other institutions, and the chips are changing hands in large quantities.
In the short term, this oscillating trend will continue. After Ethereum adjusts in a high position, it will continue to surge. Next, Ethereum will lead the altcoins to initiate the main upward wave of the original bull market, and any decline will be an opportunity to buy.
Daily level resistance at 3550-3650-3870-4010, support at 3237-3080-2950-2790-2650-2570-244.
From the hourly level, it is currently showing a trend of a 3-hour rebound within a 6-hour rebound that has reached new highs.
In the short term, you can take short positions at 3226 and 3174.
From the three-day liquidation heatmap view
Price is rising, with a small number of large short orders waiting for liquidation in the 3510-3520 area, and a large number of large and super-large short orders waiting for liquidation in the 3552-3620 area.
Price is falling, with a large number of large and super-large long orders waiting for liquidation in the 3352-3200 area.
