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$ETH Currently, the main focus is on whether the 182x area can rebound. On lower timeframes, it’s a continuation after a breakout from an upward range.
The current hesitation point is this: $BTC next door didn’t hold and instead formed a false breakout. So as the lead effect, it’s very unfavorable for $ETH . In the worst case, ETH has to consolidate around 182x, and then wait for $BTC to rebound again.