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Ethereum broke through the range oscillation in the early morning, with the bullish line rising to around 3040 before facing pressure and consolidating, showing clear selling pressure. This rebound is a technical manifestation driven by short-term funds, not a trend reversal, and the large-scale short positions pattern remains unchanged, with insufficient volume to support a sustained upward attack. Caution is needed for pullback risks; do not blindly chase rising prices, and it is more prudent to align with the short positions trend.



Ethereum suggests short positions around 3050 and 3130, targeting 2950 and 2900, and looking at 2850 if broken.
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