From the current short-term hourly chart of Ethereum, its trend is consistent with Bitcoin, both are in the rebound phase after a decline. Currently, the coin price is under pressure at the resistance level around 4340. Whether it can maintain an upward channel in the short term depends on whether it can effectively break through this resistance.
From the daily chart analysis, yesterday, Ethereum formed a large bullish candlestick on the chart, indicating a reversal signal at the bottom of the declining trend.
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