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Ethereum rose to 1640 last night, and the pullback strength is significantly weaker than Bitcoin. Additionally, the previous low of 1500 has been tested multiple times and each time has found effective support, leading to a rebound each time.
Before the price effectively breaks below the core support at 1500, short-term traders can rely on the support zone to trade rebounds. Enter long positions in batches around 1550, with a short-term target of 1630 and a larger target of 1730#ETH