Brothers, it's been a while since we last met. I'm bringing you a wave of Ethereum monthly analysis.
Let's get straight to the conclusion:
At the weekly level, Ethereum has support at the 1880 position. The two-week candlestick has not yet broken the support. In the short term, we expect a pullback. Current price [1973 USDT]. If there is a pullback, it can break above the resistance level of 2060, and in the short term, we can look bullish.
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Recently, Ethereum's performance has been quite volatile, with various pump and dump scenarios causing both long and short squeezes. I suggest everyone to stay on the sidelines during the morning consolidation.
I wonder if you guys have noticed a problem: recently, Ethereum has not been following the rise, and its movement is somewhat different from Bitcoin and the Nasdaq. This is because the market was caught off guard by the sudden pump on the 19th, which is also why when Bitcoin was at 84000, Ethereum was around 2020; when Bitcoin was at 86000, Ethereum was still around 2020. The short-term bottom and top for Ethereum are 1950-2050, and it is oscillating on the daily chart. If you want to take short positions, I suggest opening long at the bottom, and do not short at the top to avoid being squeezed.
Please remember, the weekly support level for Ethereum is 1880. If it breaks 1880 for three consecutive weeks, we can look towards 1550.
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Upper support: 2140, 2210, 2280
Lower support: 1960, 1930, 1910
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