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Midday Ether started a slight correction after three consecutive bullish candles, stumbling down to around 2950, and then began to pull back in search of support for long positions, subsequently starting to oscillate near the range.


From a technical perspective, Ether is currently operating in the lower-middle track and is beginning to decline. If the long positions fail to break through 2963, a consideration to shift to short positions is necessary. Currently, from the 4-hour chart, the long positions and short positions are locked in a tug-of-war in the 2985-2900 range, lacking a clear trend direction. The long positions have strong support near 2900, but there is insufficient upward momentum. From the 1-hour level, the tug-of-war between long and short positions shows that the bulls have the advantage, and the bears have not been able to break through the previous bull box. A slight rebound can be anticipated.

The target near 87274 is around 88000.
Ether near 2930 long positions target near 2950 #反弹币种推荐
ETH-9.05%
BTC-6.39%
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