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A Wang An’an Afternoon ETH Analysis:
Due to the delayed expectations of Federal Reserve rate cuts, a stronger US dollar, and geopolitical games exerting triple international macro pressure, together with the impact of on-chain whale reshuffling, Ethereum is currently ranging and consolidating between $2,100 and $2,250, showing a strong linkage with BTC and a weak independent market pattern.
In the short term, Er Bing’s trend is oscillating and relatively cautious; $2,190 is a strong support, while $2,280-$2,300 above forms the key resistance. A breakout requires increased volume and resonance with the US stock market and the crypto market.
Trading suggestions:
Lightly at $2,190-$2,200! If it dips near $2,180, prevent a rebound!
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