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After a surge, a pullback occurs, which is normal market behavior. This round of movement is no exception.
Yesterday during the daytime session, the market fluctuated higher, reaching a high of around 2175 before starting to face resistance and pull back; overnight, it tested the 2170 level again but still failed to break through, indicating a clear lack of bullish continuation. By this morning, the price has already fallen back to around 2087, and the range has basically been established.
From the current structure, there is no clear one-sided trend in the short term. Bulls and bears are tugging back and forth, but the price remains within a range. Under this rhythm, blindly chasing gains or cutting losses is not suitable. It’s better to trade around the range, taking profits at highs and buying at lows.
For operations, watch the support levels around 2095-2070 during pullbacks. If not broken, consider low buys, aiming for a rebound to the 2150-2180 zone. If the price rebounds but fails to continue upward, consider shorting at high levels, and continue to treat the market within the range. $ETH #Gate广场四月发帖挑战 #加密市场行情震荡