The monthly line is a small positive line with a long lower shadow and a short upper shadow. The trading volume is about three quarters of that in August. The shape is in a rebound trend of touching strong support (bottom).
The monthly MA30 line began to turn slightly upward, and the MACD showed a weakening upward momentum above the zero axis.
After touching the monthly MA30 line, the price formed a good rebound. It can be confirmed that this position is a strong support. The bottom pattern has appeared, and the price also closed above the red wide range of oscillation area. Next, you can buy if it falls back to the red area and wait for the monthly line level to pull up.
The daily line is a small negative line with short upper and lower shadows, and the trading volume is about twice that of the previous day.
The daily MA30 line is in a slight upward trend, and MACD shows a weakening upward momentum near the zero axis.
Affected by the pullback of Bitcoin, Ethereum also began to pull back. It is currently fluctuating in a narrow range. It is possible to fall back to the upper edge of the red zone, which happens to be the position of the MA30 line. Calculated at the current price, the drop is probably less than 6%, which is a normal adjustment trend and there is no big problem.
Daily level pressure level 2730-2850-3050 support level 2540-2470-2340-2230
From the hourly level, the 4-hour level rebound has been completed, and the 8-hour level rebound trend has begun. The price began to rise after encountering support near the 8-hour EMA52 line.
In the short term, you can go short at 2650 and go long at 2570. Pay attention to stop-loss and take-profit.
From the three-day liquidation heat map
The price is going up. There are a lot of large and super large short orders waiting to be liquidated in the 2644-2768 area. The key liquidation is in the 2688-2712 area.
The price is going down, and there are still some large long orders waiting to be liquidated in the 2568-2500 area.
