Ethereum's hourly trend is still in sync with Bitcoin, and the daily closing pattern is also very similar to that of Bitcoin. The expected Ethereum-leading trend did not appear, and Bitcoin is still in the lead.
The daily level has not yet emerged from the oscillation area. The daily MACD continues to show a weakening downward momentum near the zero axis. Only one positive line will form a golden cross between the fast and slow lines.
There is a downward retracement at the hourly level, but the retracement will not be very deep. After a slight adjustment, the price will continue to rise. The target is the daily MA30 line. The price is around 3610. There will be a downward retracement here.
The operating strategy is mainly low-long, and don’t be overly bearish.
Daily level pressure level 3610-3825-4200, support level 3300-3200-3100-3020-2870-2750
The hourly trend is currently a 30-minute rebound trend within a 12-hour pullback.
In the short term, you can go long at 3420 and 3390, and go short at 3525 and 3625.
From the Ethereum liquidation heat map data
The price is rising, and there are a lot of large short orders waiting to be liquidated in the 3500-3600 area.
The price is falling, and there are a lot of large long orders waiting to be liquidated in the 3416-3390 area, the 3360-3324 area, and the 3316-3294 area.
