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$ETH is undeniably strong; 1700 has held firmly. This level was previously a resistance, and after breaking through, it directly turned into support.
The exchange rate has been moving upward, indicating that funds are flowing from BTC to ETH. This is a clear signal — the probability of ETH outperforming BTC in the short term is increasing. With a slight push from BTC, ETH can go directly up.
The technicals are also supportive. Daily candles have been consecutively bullish, the rebound structure is intact, moving averages are starting to turn upward, and 1715 has become the new bull-bear divide. As long as the hourly level does not break the support zone of 1695-1680, the pullback space is limited; at least for now, no obvious topping signal has been seen.
First look at 1735 above, which is a short-term resistance level; after that, it's 1780-1800. This wave is going smoothly; don't try to pick the top, just go with the flow. But if it breaks 1680, then a reassessment is needed.
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