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#ETH
Short-term resistance level is at 2965. If it can break through, the rebound momentum will significantly strengthen, and the upper target can further look towards the 3030—3078 zone resistance. Conversely, if the four-hour chart fails to hold above 2965, the market is likely to continue oscillating downward. The first support level is at 2890; if this level is broken, the next support can be seen at the 2780—2730 range. Long positions can be opportunistically arranged within this range.