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Over the past 24 hours, Ethereum has experienced a decline followed by a rise, forming a clear "V-shaped" recovery:
First, bears exerted pressure, pushing the coin price down to the intraday low of 2099;
Subsequently, the coin price gradually recovered, currently stabilizing around the 2150 level, with bulls temporarily regaining the initiative.
Short-term moving averages have been broken below by the coin price, indicating that the short-term rebound trend is established; MA60/MA120 above form resistance around 2227-2228, with the medium-term not completely strengthening yet. If the coin price holds the 2130 support and can break through 2200, light long positions can be taken. In summary, follow the long positions in the morning.
Ethereum: Long around 2118, Target: 2188~2208
Bitcoin: Long around 70100, Target: 71100~71500