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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, showing a clear lack of bullish continuation. 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, it’s not suitable to blindly chase gains or cut losses. Instead, it’s better to trade around the range by buying low and selling high.
For operations, watch the support levels around 2095-2070 on the pullback. If not broken, consider going long at low levels, aiming for a rebound to the 2150-2180 area. If the price rebounds but still lacks continuation, then consider shorting at higher levels, continuing to trade within the range. $ETH #Gate广场四月发帖挑战 #加密市场行情震荡
To all followers, I have the situation under control. Be patient and let the market take its course.