The daily line is a relatively long bearish candlestick with upper and lower shadows, and the trading volume is about the same as the previous day, slightly higher.
The MA30 line of the daily chart shows a slight upward trend, entangled with multiple moving averages, and the MACD shows an increasing bearish momentum below the zero axis.
The daily line, like Bitcoin, shows a trend of five consecutive bearish candles, and the price has closed below the daily ascending trend line, returning to the large red range of oscillation.
The trend is synchronized with Bitcoin's movement and has not developed an independent trend, so Ethereum will follow Bitcoin's movements.
There will be a short-term rebound, where the original support level has become a resistance level, requiring gradual breakthroughs.
Since multiple moving averages are tangled together, if a strong bullish candle breaks through several moving averages, it indicates the start of Ethereum's counterattack, and attention should be paid to this pattern.
The resistance levels on the daily chart are 2490-2540-2690-2855-3060-3290, and the support levels are 2350-2260-2150.
From the hourly level, the current movement is a 10-minute pullback within a 2-hour pullback, where short positions can be made at 2450 and 2480, and long positions can be made at 2310.
From the liquidation heat map over the past three days,
The price is rising, with a small number of short positions waiting to be liquidated in the 2436-2472 range, and a large number of significant short positions waiting to be liquidated in the 2488-2560 range.
The price is declining, with some large long positions still waiting to be liquidated in the 2352-2332 range.
