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Hua Zai's Market Discussion Morning ETH Outlook:
Yesterday, Ethereum fluctuated at low levels, with sideways movement, deadlock between bulls and bears, limited volatility, and a relatively flat trend.
The long lower shadow support on the daily chart still exists, while selling pressure above remains obvious. The downward momentum is insufficient to break through.
As the weekend approaches, trading activity is light, with no major news impacting the market. It is likely to continue consolidating within the range.
In the morning, support at the high and low levels held firm. A cautious approach of going long at the lows and short at the highs within the range is recommended. Keep positions light and follow the trend.
Trading Suggestions:
Buy in batches at 2290-2310
Target
2400-2450
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