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5.5 Ethereum Intraday Market Analysis
Intraday Ethereum focus is on the 2350 core long-short dividing line.
If the price retraces to this level and can stabilize successfully, with no effective break below, the current bullish pattern will continue. When the market rises to resistance levels at 2410, 2450, and 2500, short positions can be sequentially arranged.
Conversely, if the market effectively breaks below the 2350 support, the trend will weaken accordingly. During the subsequent decline, 2320, 2270, and 2230 are high-quality low-entry points, suitable for phased long positions. $ETH