The trend of Ethereum aligns with our predictions from yesterday. After a slight decline and pullback at the hourly level, there was a rapid surge, which then encountered resistance near the daily MA30 line, forming a small-scale pullback.
We provided a resistance level of 3610, but it actually reached 3630, a difference of 20 dollars.
The daily MACD has formed a golden cross for the fast and slow lines, and after a slight pullback, it will continue to rise. In terms of operations, the main focus is to buy on dips, paying attention to the recent upper range of the fluctuation area, with the price around 3510, which happens to coincide with the support of the 1-hour MA30 line.
The rise of Ethereum has also driven a surge in altcoins. The gains of altcoins vary, but strong altcoins will start to be praised crazily over the weekend. As long as Ethereum continues to rise, altcoins will follow suit.
The vast majority of altcoins' rebound rises have also reached the resistance level of the daily MA30 line, and there will definitely be a slight pullback. Don't be afraid; buy spot on dips, and we welcome the arrival of the altcoin season.
Daily level resistance at 3700-3825-4200, support at 3510-3420-3300-3200
The hourly trend is currently showing a 1-hour rebound encountering a pullback at the daily MA30 line.
On a short-term basis, you can go long between 3575-3510 and short at 3700.
From the Ethereum liquidation heatmap data, we can see that
the price has risen, with some large short positions awaiting liquidation in the 3632-3678 range
the price has fallen, with scattered large long positions awaiting liquidation in the 3590-3440 range, and a large number of large and extra-large long positions awaiting liquidation in the 3416-3284 range
