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$ETH What is the current trend of Ethereum?
ETH has been fluctuating sideways in a consolidation pattern.
Currently, based on the chart, ETH has reached a bottom range level.
But many traders now believe that 2180 is the strongest support at the bottom.
A bottoming rebound followed by a short position makes more sense in terms of value.
Reasons for shorting analysis: Recently, the market has been generally weak and declining.
There are many trapped positions above 2230 in the short term.
From the hourly chart, 2200 has formed a new breakout level, inducing bulls to enter and lay in wait.
Additionally, with tonight’s unfavorable US stock market, the bullish momentum has already peaked.
A pullback is expected, with a downward correction after a pin bar reversal, likely to continue declining. #加密市场小幅下跌 $BTC