The hourly trend of Ethereum continues to synchronize with Bitcoin, and the daily candlestick pattern is also quite similar to Bitcoin. The expected leading trend of Ethereum has not appeared; Bitcoin is still leading the way.
Currently, the daily level has not yet broken out of the consolidation zone. The daily MACD is showing decreasing bearish momentum just below the zero axis. It only takes one bullish candlestick to create a golden cross between the fast and slow lines.
The hourly level has experienced a pullback, but the pullback will not be deep. After a slight adjustment, the price will continue to rise, targeting the daily MA30 line, with the price around 3610. Once it reaches this level, there will be a wave of pullback.
The operational strategy is primarily to go long at low levels and not to be overly bearish.
At the daily level, resistance is at 3610-3825-4200, and support is at 3300-3200-3100-3020-2870-2750.
The current hourly trend is showing a 30-minute rebound within a 12-hour pullback.
In the short term, long positions can be taken at 3420 and 3390, and short positions at 3525 and 3625.
From the liquidation heatmap data of Ethereum,
the price is rising, and there are a large number of significant short positions waiting for liquidation in the 3500-3600 range.
the price is falling, with a large number of significant long positions waiting for liquidation in the 3416-3390 range, as well as the 3360-3324 range and the 3316-3294 range.
