Recently, Bitcoin has been fluctuating upwards at a high level, steadily standing above the 100,000 mark, which makes it difficult for Ethereum to significantly decline. $BTC
However, Ethereum is unlikely to break through the strong resistance level of 2740 this month, leading to repeated highs and pullbacks. Yesterday, we shorted Ethereum near 2570, opening short positions twice; during the night, the price fell to around 2440 before quickly rebounding, showing that downward movement is quite difficult.
From the intraday trend, there is strong resistance at 2550 for Ethereum, with support in the 2480-2460 range. Therefore, today's market may be weak, but the downside space is limited, and it is expected to mainly oscillate within this range. If the price falls back to around 2470 in the afternoon, consider positioning for long positions. Currently, it is in a mid-range fluctuation; let's observe for now.
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