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Ethereum's upcoming trend, I remain mostly bullish. The recent fluctuations are more like a consolidation phase, shaking out the indecisive investors, not a sign of a downturn. The support below is very solid; even if it dips, it won't go far. As long as Bitcoin stays stable and doesn't crash, Ethereum can rally at any time. Once it breaks through the upper resistance, the rebound will be strong, and the potential space is quite considerable.
On the daily chart, it is currently in a weak corrective rebound within a downtrend. The price is oscillating around the $2050-$2200 range, with MA5 and MA10 moving averages leveling out. The MACD green bars are shrinking, and the KDJ is showing a golden cross upward. Short-term rebound momentum still exists, but it hasn't broken through the downtrend line. Overall, it remains in a range-bound pattern. The short-term rhythm is relatively strong, so focus on the rebound action. Trading-wise, look for buying on dips.
For Monday midday, it is recommended to buy long at 2100-2080, targeting the 2200-2250 zone $BTC