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Analysis and Assessment of the Current Price Structure of ETH
Taking ETH/USDT as an example, the short-term bullish-bearish dividing line is 3579.
Above 3579, the bulls continue to maintain an offensive posture. During a pullback, consider buying the dips based on short-term (such as 1-hour) bullish reversal models.
Below 3579, the short-term rise ends, and the decline begins. You can establish short positions on rallies according to the bearish inflection point model.
Below 3756, a slight pullback from the bulls, as long as the pullback does not break 3579, you can consider buying on dips based on the model.
Above 3756, the bulls are strong and ready to launch an attack at any time. It is not recommended to easily short the market.