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ETH is stuck around 2330 and damn it, it's about to change direction again!
This thing has been struggling under the strong pressure of $2400 for nearly a week,
now it looks like a bottom is forming around the 2330 level, but the market is full of "downtrend continuation" signals—
the daily chart is tightly pressed down by the descending trendline from 2376-2400 dollars,
any rebound feels like hitting an iron plate.
Although the price is still pretending to be dead at the psychological level of $2300 with sideways trading,
on the four-hour chart, it can't even touch $2350 on the rebound—
this is textbook "weak volatility"!