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#ETH
The daily chart shows oscillating contraction with decreasing volume, with rebounds weaker than BTC, indicating a coordinated rebound, currently no independent strong trend.
The rebound with decreasing volume suggests no main force actively entering the market, mainly driven by follow-up traders.
The current key resistance is around 2400, a strong psychological and liquidation resistance level.
Below, the first support level is near 2300. If a volume breakout occurs, wait for long positions at the 2265-2230 range below.