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Today’s Ethereum Market Analysis
Sync with Ethereum’s current bottom point at 2220, our expectation is 2200-2160, following Bitcoin’s range fluctuation. Ethereum will also rise with the trend, just within a range. The four-hour price at 2280-2320 has formed some short-term resistance. In the coming days, it will fluctuate between 2220-2320. This range needs to be completed before starting the next phase of retracement. Ultimately, the 2160-2080 range will also show signs of bottoming out.
Eita’s suggestion:
Short at 2270-2300, with a stop at 2350, targeting 2210-2150;
Long at 2160-2190, with a stop at 2110, targeting 2230-2280.