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Hua Zai on the Market: Evening ETH Outlook
In the evening, ETH follows Bitcoin's trend of weakening, with the market quickly falling back and closing in the red, with the price dropping from 2404 down to a low of 2310, currently oscillating slowly around 2320.
At this stage, the selling momentum of the bears has been fully released, and the demand for low-level recovery is prominent, making it an excellent time to gradually build long positions. The signs of a bullish rebound continue to intensify. Do not be disturbed by short-term downward fluctuations; the overall medium-term bullish pattern remains intact. As long as the key support holds effectively, maintain a light position and follow the trend, patiently wait for the market to warm up, and prepare for a new round of rebound and surge.
Trading reference
Build long positions gradually within the 2290-2310 range
Target levels
2380—2480
Be sure to strictly set stop-losses, and steadily grasp the market profits.