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5.14 Ethereum Analysis
Last night, Ethereum quickly dropped to 2233 but did not continue to weaken; instead, it formed support at a key level and rebounded, indicating that the bearish force has mostly been released. Currently, the market is mainly consolidating.
From a technical perspective, the daily price is moving around the MA moving average, with the middle Bollinger Band providing strong support, and there is still a chance to push upward.
Trading suggestions:
Light positions to go long around 2220-2240, targeting 2280-2300 points.