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$ETH Ethereum rebounds from a low consolidation, currently trading around 2329. The price has bounced above the short-term moving averages, indicating some recovery in short-term bullish momentum.
Resistance levels are concentrated in the 2340-2360 range, with strong resistance at the previous high of 2423; support is first seen at around 2310, and if broken, then near 2290.
The 1-hour MACD shows the red bars shortening, indicating diminishing upward momentum. The 4-hour chart shows the price in a range-bound oscillation, with the overall trend still leaning towards sideways to slightly bullish.
In the short term, focus on oscillation and slight bullish bias; consider light short positions if facing resistance during the rebound, and look for low buy entries if support is tested and held. #Gate广场五月交易分享