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May 13th $ETH Market Analysis: Ethereum remains the same as before. Yesterday, I mentioned to watch for a rebound near 2248 after a dip; last night it rebounded to 2255, just a little short.
Today’s market again reached the 2335 level, and you can consider shorting on a pullback. As long as it doesn’t go above the 2335-2345 range, Ethereum will find it difficult to see pressure levels at 2368 and 2398.
Pay attention below to whether the support levels at 2240 and 2190 will see a rebound after a dip. 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. Repeatedly shorting at the pressure levels may be more in line with the current trend, unless the exchange rate’s trend truly improves and changes!