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6.13 Saturday midday market analysis. Ethereum current price is $1660-$1670, consolidating with low volume at the bottom, weaker trend than BTC, daily moving averages are in a bearish arrangement, with obvious resistance, bearish momentum still exists but is gradually weakening, $1600 is a key support level, a break below will continue to decline.
ETH trading suggestion: short around 1680-1700, take profit at 1650-1620, stop loss at 1730