Ethereum (ETH) Intraday Chart Analysis: High-Level Consolidation, Pressure Focused on 2200
This morning, Ethereum once again showed a rapid surge, with prices shooting up sharply and reaching a high of around 2149 USD, followed by a quick pullback to 2109 USD, currently trading above 2100 USD. This unexpected strong rally appears to show signs of strengthening, but we must remain vigilant of the suppressive effect from the previous high of 2200 USD resistance level.
In the short to medium term, the moving averages are in bullish alignment, providing some support to prices, but long-term moving
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