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May 13th $ETH Market Analysis: Ethereum remains the same as usual, yesterday mentioned to watch for a spike rebound around 2248, last night it rebounded to 2255, just a bit short.
Today’s market again reached the 2335 level, and you can consider shorting on a pullback; within the 2335-2345 range, Ethereum is unlikely to see pressure at 2368 or 2398 before it moves higher.
Below, pay attention to whether the support levels at 2240 and 2190 will experience a spike rebound; the recent weakness in Ethereum’s trend was also analyzed yesterday, which is due to Ethereum’s exchange rate against Bitcoin being too weak, with continuous downward candles, showing no signs of a reversal. When the exchange rate continues to weaken, it’s hard to see Ethereum having a rebound rally. At the pressure levels, continuing to short may better match the current trend unless the exchange rate’s trend truly improves and changes!