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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 above is concentrated in the 2340-2360 range, with strong resistance at the previous high of 2423;
Support below is first seen at the 2310 level, and if broken, then around 2290.
The 1-hour MACD shows the red histogram shrinking, indicating diminishing upward momentum.
The 4-hour chart shows the price in a range-bound oscillation, with the overall trend still leaning towards oscillation but slightly bullish.
In the short term, focus on a range-bound and slightly bullish approach;
Rebound pressure suggests a light short position can be attempted, and if support is tested and holds, consider low-position long entries.
#Gate广场五月交易分享