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With Iran accepting a temporary ceasefire, news stimuli have led to a comprehensive rebound in risk appetite, and ETH is surging along with BTC.
Today’s movement is characterized by a strong rally driven by news, followed by high-level consolidation. Short-term bulls are dominant, but the price is approaching resistance zones and needs to digest gains.
Current price: 2236, short position, support at 2200, leaning towards bullish oscillation.
Stop loss: 2276
First take profit: 2200
Second take profit: 2170$ETH