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Ethereum “bearish momentum is exhausted.” After the 2220 support holds steady, the bullish offensive signal is clear!
Yesterday, Ethereum fell back from the intraday high of 2284.86 and briefly dipped as low as 2218.83. It looked like the bears were strong, but it actually completed a “deep shakeout”—after the price touched around 2220, it quickly rebounded, validating the effectiveness of the support zone.
In the KDJ indicator, the J line (57.66) has turned upward from the oversold area (<20). The K line (43.74) and the D line (36.78) form a golden cross, showing strong demand for a short-term rebound (a KDJ golden cross is a classic signal for the start of short-term longs).
Go long directly around 2230. First target: 2320. If it breaks through, look for 2410.
$BTC $ETH