The short-term trend of Ethereum is highly correlated with Bitcoin, lacking independent market performance. The daily candlestick shows a small bearish line pattern, with a shorter bearish line body compared to Bitcoin, and the trading volume has not changed much compared to the previous trading day. The daily chart MA30 is in a stable state, while the MACD indicator, although positioned above the zero axis, indicates that downward momentum is strengthening.

The chart with a smaller time frame shows that the price first rises and then falls, retreating to the lower boundary of the key support area, just approaching the daily chart EMA52 line to gain support, followed by a slight rebound along with Bitcoin.

From the daily chart level, the market is still in a wide-ranging oscillation pattern. As long as the price does not fall below the daily chart EMA52 line, it is expected to continue fluctuating within the established oscillation range.

If Bitcoin continues to decline, Ether will also fall accordingly, possibly seeking support around 2320 before rebounding. A stronger support level is near 2530, which is also where the daily chart MA120 line is located, and this may be a better entry opportunity.

From a technical perspective, the main resistance levels on the daily chart are distributed in the range of 2680-2770-2960-3060, while the support levels are in the range of 2450-2320-2200-2130.

The liquidation heatmap shows that when there is an upward breakout, a large number of significant and oversized short positions in the 2540-2750 range face liquidation risk; while during a downward breakout, there are still many significant long positions waiting to be liquidated in the 2484-2400 range, which may lead to significant volatility.