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#ETH Market Brief Analysis
Last night, the US stock market's strength boosted the market, and ETH surged overnight to the 2385 level, encountering resistance and pulling back. Currently, it is consolidating around 2352.
The four-hour timeframe still maintains a bullish structure, with prices oscillating back and forth within the upper and middle bands of the channel, with short-term resistance concentrated around 2400–2415.
The current position is already at a high level, so it is not recommended to blindly chase long positions. The focus for the day is on a pullback and correction.
Trading reference:
Sell in batches around the 2370–2390 zone, with key support at 2300 below;
If the decline does not continue after reaching the area, consider reversing to buy. #ETH
What should I say now?
Should I continue holding?