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Ethereum has recently fallen below 1550 two or three times, but has ultimately held temporarily. Currently, it has reached a very critical 4-hour Bollinger middle band resistance level, after nine consecutive failed tests earlier. Let's see if it can break through and stabilize this time. If it can hold, there is a chance for a rebound; if not, it will continue to retrace.
Ethereum reference: short at 1634, target 1584, with a 30-point stop loss #btc #eth