The movement of Ethereum follows that of big brother Bitcoin. Yesterday it was said to rebound to 3465, but it continued to decline all day, and then a quick dip in the early morning reached the upper edge of the lower red oscillation zone (3200), followed by a rapid rebound.
This indicates that the support at 3200 is quite strong, and funds are starting to show signs of bottom-fishing buying here.
Due to the MACD entangled near the zero axis, the short-term trend will still move in sync with Bitcoin, primarily characterized by wide oscillations. Buying spot during dips is still advisable; don't be afraid, as the decline is for better recovery.
Daily level resistance at 3430-3550-3700-3825-3980-4200, support at 3250-3200-3120-3030.
The hourly level is currently showing a rebound after a new low in the 15-minute timeframe, moving towards the 30-minute resistance level, showing a 30-minute pullback trend.
On a short-term basis, short positions can be made at 3360 and 3420, while long positions can be made 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 to be liquidated in the 3336-3592 area and the 3652-3820 area.
Price has fallen, with a small amount of large long positions waiting to be liquidated in the 3200-3160 area.
