📉 ETH is currently at $4619 | Short-term under pressure and key levels are closely watched!

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🔥 Market Express:

· The current price of ETH is $4619**, and it has not effectively broken through the resistance of **$4700 during the day. The short-term trend is weak, and we need to be vigilant about the risk of a pullback.
· The technical aspect shows a fluctuating consolidation pattern, with shrinking trading volume, and the market lacks clear directional drivers.

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📌 Key position reference:

· Strong support: $4530 (if it does not drop below on a pullback, a rebound is expected)
· Upper resistance: $4700 (only after breaking through can the upward space be opened)
· Fluctuation range: $4530-$4700

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⚡ Trading Strategy (short-term reference):

· Long position strategy:
After stabilizing in the $4520-$4470 range, enter a light long position, with a stop loss at $4440 and a target of $4580+.
· Short position strategy:
If the rebound is blocked in the $4660-$4730 range, you can try shorting with a light position, set a stop loss at $4760, and aim for below $4620.

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💡 Market Tip:

· The expectation of a Federal Reserve interest rate cut is rising (probability 99.6%), but one must be wary of the risk of a market reversal characterized by "buy the expectation, sell the fact."
· Over $1.2 billion in liquidations across the network in the last 24 hours, exercise caution with high leverage!

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🔍 Summary: High sell and low buy within the range, strictly adhere to stop-loss! A direction will be chosen after breaking through $4700 or dropping below $4530.

#ETH # Gate Square #加密货币 # Market Analysis #ETH