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$ETH Today’s increase of 4.53% indicates a corrective rebound after a sharp decline.
It signifies that the short-term downward trend has announced a pause, and the rebound space will open up, with an upper target of around 165; conversely, if it encounters resistance and falls back, it will continue to consolidate between 150-163.
What is most worth paying attention to is the news aspect. Large capital net inflows often represent the main players or institutions’ recognition of the current price range and their willingness to bottom fish, greatly boosting short-term market sentiment.
Under the dual resonance of technical rebound demand and real capital support, there is a high probability that tonight’s battle will revolve around the 165 level.
If a successful close above 165 can be achieved, the short-term bullish momentum is expected to continue more strongly.