Analysis of Ethereum's recent trend (January 13, 2025)

Ethereum's performance this week is like a big negative line. Although the trading volume has increased, the decline is not too severe. The price just fell to the support position of the three-day line, and then began to rebound, but the momentum of this rebound is not too strong.

From the technical indicator MACD, it is close to the zero axis at the weekly level, indicating that the momentum of the rise has weakened a bit. However, after the big negative line, there is often a chance of rebound, so we can still expect Ethereum to rise this week. As for how the rise will develop and how high it can rise, it depends on whether ETF funds are willing to flow into the market.

Although Ethereum looks weaker than Bitcoin at the weekly level, this rapid decline is actually shortening the time of shock, and it may adjust to the right position faster, which is a good thing.

At the daily level, Ethereum's trend is like a cross star, and the trading volume has not changed much, and it still maintains a shocking trend. Because the US stock market is not open on weekends, ETF funds and hot money have no action. The price is oscillating back and forth between two specific areas, and will choose a direction after the US stock market opens. I personally think that Ethereum is more likely to rise first and then oscillate and adjust.

At the daily level, there are several key pressure points and support points, you can pay attention to them.

At the hourly level, Ethereum is still in a 2-hour pullback trend, but the 2-hour pressure point is nothing, and the price may continue to rise to challenge the 4-hour pressure point, which is around 3357.

For short-term trading, you can short around 3360 and long around 3230 and 3160.

Let's take a look at the liquidation heat map data of Ethereum. If the price rises, there will be a large number of short orders waiting to be liquidated in the 3300-3416 area; if the price falls, there will be a large number of long orders waiting to be liquidated in the 3216-3116 area.

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