The daily line is a bullish line with short upper and lower shadows and a relatively long body. The trading volume is about half of the previous day, and the general trend remains to fluctuate upward.
The daily MA30 line maintains an upward trend, and MACD shows a weakening downward momentum at a far point above the zero axis.
The short-term trend is still in sync with Bitcoin. Since MACD is still at a high level and needs to return to the zero axis, Bitcoin will continue to go down and Ethereum will follow. After MACD is adjusted in place, Ethereum will continue to rise.
The trend at the hourly level is even more obvious that it is following Bitcoin. Compared with Bitcoin, Ethereum's K-line pattern adjustment is not sufficient, but it cannot stop the continuous inflow of ETF funds. No matter what K-line it is, it is useless in front of money.
Again, adjustments at the daily level will not affect the rise at the monthly level. Hold on to the Ethereum spot bought at a low price. The bull market has mostly crashed, all to wash leveraged contracts. Before the peak is reached, we continue to hold on tight.
Daily level pressure level 3930-4100-4290-4500, support level 3700-3570-3460-3270-3070
From the hourly level, the current trend is a 5-minute rebound within a 15-minute rebound within a 12-hour rebound.
In the short term, you can go long at 3770 and 3715, and go short at 3840.
From the three-day liquidation heat map
The price is going up, and there are a lot of large and super large short orders waiting to be liquidated in the 3848-4008 area.
The price is going down. There are some long orders waiting to be liquidated in the 3748-3636 area, and there are a large number of large long orders waiting to be liquidated in the 3510-3440 area.
