After Ethereum’s daily rebound, 1850 serves as a strong critical defense point, with a powerful suppressing effect. With short-term energy released, there is a need for a second dip to retest. The support below—1700/1680 and 1650/1630—will remain the major support levels after the second dip. After a pullback and consolidation, the price will then rise again. The rebound still maintains the shorting strategy.

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