Ethereum current price is 2275, with an intraday high of 2344 and a low of 2255, funds continue to flow out in large net amounts, and the day has seen a one-sided waterfall decline, clearly weaker than Bitcoin, with a strong downward momentum. Starting from the 2373 high point, there has been a continuous large bearish decline, with the high points steadily moving lower and the lows constantly refreshing, indicating a complete lack of buying support, typical of high-volume distribution and deep retracement washout; currently, panic sentiment has reached a short-term bottom. Retrace to the support zone of 2260-2270 for phased low-position buying and adding longs, with stop-loss placed below 2250.



Rebound target:
The first rebound correction target is 2320 (Bollinger middle band resistance).
After successfully stabilizing, the second round of rebound directly targets the previous high zone of 2380-2400.
ETH-0.25%
BTC0.22%
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