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The price of the second contract closely follows the short-term moving average, remaining in a sideways consolidation and bottoming phase, with a weaker trend compared to the main contract, lacking sufficient rebound momentum, mainly consolidating within a range.
Key levels
Short-term support: 2120
Strong support: 2100
First resistance: 2157 (24-hour high)
Strong resistance zone: 2170-2190 previous decline platform
Trading strategy
A rebound that tests and stabilizes above 2120 support can be used to go long, with the initial target at 2157, and an advanced target at 2170;
If the rebound encounters resistance in the 2170-2190 range and stalls, take a light short position, with a target around 2130 on the pullback, only pressuring for a short, and never blindly chasing short.
Stop-loss point: Once the price effectively breaks below the 2100 level, it indicates the end of this rebound, and the market will turn into a bearish pattern, following the trend to short.
Overall idea: Stabilize above the moving average support to buy on dips, and set up short positions in the high resistance zone where the rally stalls; maintain positions if key supports hold, and switch to a bearish mindset immediately if strong support is broken. $ETH #Gate广场披萨节