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MACD bearish green bars continue, downward momentum has not completely disappeared; affected by 4-hour bearish pressure, after a rally, it is likely to encounter resistance and fall back for a second bottom; as long as the rebound cannot stabilize above 2231, the downward trend remains unchanged, and it will revisit the 2160 support level, breaking below will lead to a deep correction; only if it stabilizes above 2235, the bearish trend will temporarily ease, otherwise, the entire rebound should be used to short.
4-hour key resistance: 2194–2210, ultimate resistance 2231;
4-hour key support: 2160 intraday low, breaking below directly targets 2120–2100.
Trading suggestions
ETH rebound in the 2198-2230 range to establish short positions, first target 2160, second target 2120-2100