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#ETH# Ether, from the 4-hour perspective, after the significant drop the day before yesterday, is slowly rising in a bearish manner. However, the Bollinger Bands have narrowed, showing signs of stagnation, and the MACD momentum is also weakening. In the 1-hour chart, the price may still continue to fluctuate in a consolidation state, with the upper band of the Bollinger Bands near the key resistance level. If the price consolidates and moves down near the upper band at 2550, a short order can be placed. Conversely, if the price breaks above, it may continue the previous bullish trend!
It is recommended to enter a short order near 2520-2540, with a target around 2500-2480.
Market conditions change rapidly, and strategies are for reference only; actual operations should be based on the live market.