$ETC ETC Today's Market Analysis:
Currently, the 4-hour level has shown a purple signal, while the 1 and 2-hour levels clearly point to a bearish trend. Today's key focus is on price movements around 17.658.
The short-term rebound target is initially set around 17.825, 18.042, and 18.487. If the rebound fails to break through any of the aforementioned levels, the market is expected to continue downward.
Support levels below are 17.450, 17.175, and 16.701, three key price points that require close attention.
From a spot market perspective, the current market fluctuations do not require excessive concern; the long-term outlook for the spot market remains promising.
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