Ethereum's performance yesterday was unexpectedly strong. Bitcoin showed a doji candlestick pattern, while Ethereum displayed a long bullish candlestick with upper and lower shadows, indicating a strong rebound. The price has once again retested the upper edge of the red box, forming a rebound. The trading volume was about one-third higher than the previous two days, not exceptionally high but decent. If it oscillates around this position for a few days, it will continue to rise, similar to the trend from November 23 to 26, provided Bitcoin does not continue to drop below 90000. As long as Ethereum rises, it will drive a wave of altcoin trends, with upward targets at 3600-3700. At this position, there will be a pullback, and short-term traders can take profits first, waiting to re-enter when the price retests the MA30 line. The daily resistance levels are 3580-3680-3825-4200, and support levels are 3200-3020-2870
The hourly trend shows a 3-hour pullback facing the pressure at the 3-hour EMA52 line, forming a short-term downward trend. On the short term, one can short in the 3460-3520 range and go long in the 3360-3200 range, which is effective intraday
From the Ethereum liquidation heatmap data, we can see
the price has risen, with a large number of significant short positions waiting for liquidation in the 3468-3600 range
the price has fallen, with a large number of significant long positions waiting for liquidation in the 3268-3130 range
