Ethereum's trend follows its big brother Bitcoin. Yesterday, it was said to rebound to 3465, but it continued to decline all day, then there was a rapid drop in the early morning, reaching the upper edge of the red fluctuation zone (3200) before quickly rebounding.
This indicates that the support at 3200 is relatively strong, and there are signs of capital starting to buy at the bottom here.
Due to the MACD entangled near the zero axis below, the short-term trend will still synchronize with Bitcoin, mainly characterized by wide fluctuations. It is still advisable to buy spot at low prices; don't be afraid, as the drop is for a better rise.
Daily level resistance is at 3430-3550-3700-3825-3980-4200, and support is at 3250-3200-3120-3030.
The hourly level is currently showing a bounce after a new low in the 15-minute timeframe, heading towards the 30-minute resistance level, exhibiting a 30-minute pullback trend.
In the short term, short positions can be opened at 3360 and 3420, while long positions can be opened at 3250, 3200, and 3150.
From the liquidation heatmap data of Ethereum, we can see
Price has risen, with a large number of large and extra-large short positions waiting for liquidation in the 3336-3592 range and the 3652-3820 range.
Price has dropped, with a small number of large long positions waiting for liquidation in the 3200-3160 range.
