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$ETH $BTC Target 1750, add to positions on pullback and go long!
By analyzing candlestick technical indicators, capital flow, and trading volume, it’s found that Ethereum is holding steadier than BTC. ETH today is at 1670, down 0.72% in 24 hours, with a high of 1714 and a low of 1645.
Recently, ETH’s trend has been weaker than BTC. BTC is still oscillating above 60k, while ETH has dropped from 4000 to 1670, nearly a 60% decline.
ETH’s issues: first, the inflow into ETH spot ETFs is not as strong as BTC’s; second, the rise of Layer 2 solutions has diverted transaction fee revenue from the ETH mainnet; third, market narratives around ETH have changed.
1645 is a short-term support level; if it doesn’t hold, it could drop to 1500. Resistance above is at 1740.
Those wanting to buy ETH can wait for a pullback to around 1668 for support before entering. Today is another day of Ethereum’s assassin delivering meat to you! #美股AI概念股普涨