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Here is a summary of the key short-term levels for ETH, approximately 400 words:
Summary of ETH Short-Term Key Levels:
The overhead bearish control zones are concentrated in three areas: 2394–2403, 2444–2452, and 2462–2471. These positions are critical points for the bears' defense; only by breaking through these zones can the bulls gain greater upward space.
The main bullish defense line below is around 2210. As long as the price does not fall below 2210, the bulls still have a chance to rebound; once this level is breached, it indicates that the bullish support has been broken, and the market may enter a new downward channel. Currently, 2210 has not been broken, so the bullish momentum has not fully ended. We still need to wait for a confirmed breakdown of this key support before a clearer upward move can occur.
If the price breaks above 2265, the short-term target can be set at 2394. Additionally, the long-term distribution cost line at 2454 continues to suppress the price from above. Under the premise that the long-term distribution trend remains unchanged, even if a short-term rebound occurs, it is likely to be a "volumeless bear pull" pattern, lacking sufficient momentum to support a significant rally. Therefore, while a short-term rebound is possible, the long-term trend limits the extent of the rebound.
In summary, 2210 is the core level for determining the trend: a breakdown will trigger a deeper correction; even if there is a rebound, the long-term cost line at 2454 will also restrict the upward movement. #Gate广场五月交易分享