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4.7 Ethereum Morning Analysis$BTC $ETH $SOL
Ethereum surged to the 2200 resistance level yesterday but faced rejection and pulled back. This level has now become a significant resistance zone. Throughout the second half of the night, the price continued to decline, giving back most of the gains, indicating a short-term technical correction. From the hourly chart perspective, the price has retreated to the previous support zone of the upward move, with support strength gradually emerging. The current level is relatively low, presenting a short-term long opportunity.
The overall trend remains intact with a medium-term bullish structure. This pullback is a normal adjustment within the ongoing upward trend. Morning trading should focus on buying at lower levels.
Trading Suggestions
Buy in batches around 2080-2100, with the initial target near 2160-2180. If a clear breakout occurs, look for higher targets. Do not reverse to short unless the support is broken. Be patient and wait for ideal entry points, avoid blindly chasing orders, and execute your trading plan steadily to capitalize on this rebound. #GENIUS实施规则草案发布 #GENIUS实施规则草案发布 #稳定币争议升温