The daily line is a small negative line in the shape of a cross star. The trading volume is the same as the previous day, and the price has returned to the central axis of the red oscillation range.
The daily MA30 line is in a slight downward trend. The MACD fast line crosses below the zero axis, and the slow line is about to cross below the zero axis near the zero axis, showing a trend of increasing downward momentum. The price still closed below the daily MA30 line.
Overall, Ethereum's trend is still very weak, following Bitcoin. The daily line has been in a state of five consecutive negative lines. We need to be vigilant about further price declines and return to the lower edge of the red oscillation area.
Daily level pressure level 2460-2520-2680-2730-2850 support level 2230-2100
From the hourly level, the current trend is still the 30-minute pullback to a new low, forming a bottom divergence pattern.
In the short term, you can go short at 2400 and go long at 2250. Pay attention to stop-profit and stop-loss.
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 2360-2600 area, with the focus on liquidation near 2430 and 2540.
The price is going down, and there are a lot of large long orders waiting to be liquidated in the 2310-2250 area.
