I. Current Market Conditions

ETH current price is about $1,729, down 3.65% in 24 hours.
Linked to BTC, which has fallen below $64,000, ETH's rebound is noticeably weaker than BTC.

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II. Key Price Levels

Direction Price Level Significance
Above Resistance $1,760-1,765 Bollinger middle band, short-term resistance
Strong Resistance Above $1,850 Breakout confirmation of bullish continuation
Support Below $1,730-1,750 Pullback entry zone
Strong Support Below $1,620-1,670 Bullish lifeline, below which lower prices are expected

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III. Short-term Trading Logic

Long Entry Logic: Rebound and stabilize at **$1,730-1,750** → Light position long attempt, target $1,780-1,850, stop loss below $1,700

Short Entry Logic: Rebound **$1,870-1,920** faces resistance → Light position short attempt, target $1,820-1,780, stop loss at $1,950

Breakout Logic: Volume-driven breakdown below $1,700 **can be shorted;** volume-supported stabilization above **$1,850** can be lightly chased for longs

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IV. ⚠️ Risk Warning

1. ETH rebound is weak, linked to BTC but with less elasticity, mainly quick in-and-out trading in the short term
2. Unclosed contracts break below the monthly average, leverage demand decreases, liquidity is relatively thin
3. If ETH drops below $1,679, the combined liquidation of long positions on mainstream CEXs reaches $544 million

The above is for reference only and does not constitute investment advice. Please make your own decisions and bear the risks.