The price is in a downward channel, dominated by bears, with rebounds serving as a correction to the decline.



Resistance: 2230 (upper boundary of the channel), 2200 (platform resistance)
Support: 2020 (key level between bulls and bears), 1900 (strong support at the lower boundary of the channel)

Currently, the price is pulling back to test the 2020 support and consolidating. A weak rebound is expected before continuing the decline; if a strong breakout occurs above the 2200-2230 range, the strategy should be adjusted.

With Non-Farm Payrolls and CPI data approaching, bearish expectations are strong, so focus on maintaining a high position.

Rebound in the 2150-2200 range faces resistance, consider short positions with stop-loss above 2240, target 2020, and if broken, watch for 1900.

After a pullback to 1900-1920, if strong support stabilizes, consider light long positions with stop-loss at 1880, targeting 2020 and 2100.
ETH-4,44%
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PoisonousDogvip
· 3h ago
None of the analysis is effective in a single sentence with yellow hair.
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