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Sunday's pump is really rare. Ethereum directly liquidated the short positions around 2380 in the early morning. This move was entirely to clear the liquidity above and caused the price to rise. Now the price has returned to the support around 2320. I think the overall market is a classic trap to lure buyers, and the ultimate trend is definitely downward! Currently, if the four-hour chart breaks below the middle band support, this retracement will likely accelerate again.
Ethereum reference: Short at 2330, target 2260, stop 35 points #BTC #ETH