Ethereum's dip and rebound yesterday were very confusing, forming a candlestick similar to a Morning Star. I initially thought it would continue to strengthen alongside Bitcoin, but it didn't even break through the key resistance and started to weaken. Currently, there are signs of testing support again.


The final critical support level is at 2257: as long as it doesn't effectively break below 2257, the correction is considered normal; if it breaks below 2257, the short-term trend will be completely weakened, and it’s basically advisable to temporarily exit and observe.
Operational reference points:
BT: Wait for a steady breakout above 74807 to chase long positions; wait for a volume breakdown below 74285 to chase short positions.
ET: Watch for a breakout above 2338 for long positions; consider short positions if it breaks below 2317.
Left-side game of pinning and stabbing: ETH can place buy orders at 2201, with a stop loss at 2160.

That's all for now; other aspects still need to be observed.
ETH5.39%
BTC5.02%
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