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Deep “V-shaped” reversal after a deep pullback, with fierce battles between bulls and bears
After Ethereum surged to 2381 in the early hours of yesterday, it then encountered heavy sell pressure. A large bearish candle broke through the Bollinger Bands, and afterward it quickly rebounded from the bottom at 2302. Currently, the price is around 2335. Although it has regained part of its losses, overall it is showing a wide-ranging consolidation zone, and the divergence between bulls and bears is starting to grow.
Ethereum is currently in a period of oscillation and repair, and the price action is relatively tangled. The MACD death cross and KDJ pointing downward indicate short-term pullback pressure, but as long as it holds the 2300 midline, the bullish structure is not damaged.
Go long directly near 2310. First look for a target of 2390, and if that level is broken, look up to 2450.
$BTC $ETH