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Ethereum is now clearly weaker than Bitcoin, the overall structure is one of weak rebounds and smooth declines. The resistance zone above 2300 to 2350 is strong pressure, providing short-term shorting opportunities. I will continue to focus on high shorts, with targets first at 2250, then at 2200. Once 2200 is broken, the downward space will be directly opened. Don’t try to catch the bottom and ride the trend in this kind of market; bulls currently have no dominant power. Anyone going against the trend will suffer.
Resistance above:
2300-2320 (short-term resistance)
2350-2380 (strong resistance zone)
Support below:
2250 (first support)
2200 (key support)
2150 (breakdown acceleration zone)
Short around 2300-2330
Add positions above 2350
Target: 2250 → 2200
Stop loss: above 2380
$ETH