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6.8 Ethereum Analysis
Ethereum dropped to 1503 and then stopped falling, entering a technical rebound phase after being oversold. Early this morning, the price gradually moved upward, and bullish sentiment has somewhat recovered, but the overall pattern remains weak.
Although there was a short-term rebound, upward pressure is still heavy. The daily chart remains bearish, with prices still under pressure from moving averages. The four-hour indicators have slightly improved, but trading volume is insufficient, and the upward momentum is weak, with the market maintaining slight fluctuations.
Trading suggestions:
Short at 1680-1700, currently at 1620-1610.