The trend of Ethereum aligns with our prediction from yesterday. After a slight decline at the hourly level and a retracement, there was a rapid surge. Then, near the daily MA30 line, it encountered resistance, forming a small-level downward retracement.
We provided a resistance level at 3610, which 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 retracement, it will continue to rise. The operation should mainly focus on buying low, paying attention to the recent upper boundary of the fluctuation area, with prices around 3510, which also happens to be the support of the 1-hour MA30 line.
The rise of Ethereum has also driven a rally in altcoins. The increase in altcoins varies, but strong altcoins will start to receive enthusiastic praise over the weekend. As long as Ethereum continues to rise, altcoins will follow suit.
The vast majority of altcoins' rebound has also reached the pressure level of the daily MA30 line, and a slight pullback is certain to occur. Don't be afraid, buy spot on dips, as we welcome the arrival of altcoin season.
Daily level resistance levels are 3700-3825-4200, support levels are 3510-3420-3300-3200
The hourly trend currently shows a 1-hour rebound encountering a daily MA30 line pullback
On the short term, one can make short long trades between 3575-3510 and short positions at 3700
From the Ethereum liquidation heatmap data, we can see
Prices are rising, with some large short positions waiting for liquidation in the 3632-3678 range
Prices are falling, with scattered large long positions waiting for liquidation in the 3590-3440 range, and a large number of large and extra-large long positions waiting for liquidation in the 3416-3284 range
