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Tonight, the PPI data is about to be released. The market is in a wait-and-see mood, and strong sentiment is building. Ethereum is tracking Bitcoin—first probing down to the 2255 low, then starting a corrective rebound. However, the higher levels are clearly under pressure right now. This rebound is only an oversold squeeze-and-draw in; the larger bearish trend is still in control, and the risk of chasing longs at high levels is extremely high!
Set the rebound action around the 2325-2345 range, with the first target at 2290. The bears continue to follow through downward, looking for 2270-2255.
Only if there is volume and it holds steady above 2345, then temporarily change the thinking and consider a short-term long. In the afternoon, Ethereum overall remains firmly bearish—#美国4月CPI上涨3.8% $ETH