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$ETH Ethereum pulls back from high levels and breaks below support, currently trading around 2310. The price has fallen below the short-term moving average support, and short-term bearish momentum continues to be released.
The resistance levels above are concentrated in the 2330-2345 range, with strong resistance at the previous high of 2381; support below is first seen at around 2290, and if it fails, then near 2270.
The 1-hour MACD shows a death cross downward, with the red histogram turning green, indicating increasing downward momentum; the 4-hour MACD shows the red histogram turning green, with decreasing upward momentum, and the medium-term rebound trend is under test.
Overall, it is in a high-level pullback and adjustment phase, with a short-term trend mainly leaning towards a bearish bias. Rebound resistance can be lightly shorted, and it is not recommended to bottom-fish until a stabilization signal appears. #Gate广场五月交易分享