$ETH Open breakfast reference:
On February 2nd, the lowest was 2219, forming a short-term double bottom with the Saturday low. After the panic sentiment is released, a technical rebound is likely to be triggered.
In terms of support levels, 2200-2230 is a double bottom + psychological barrier, serving as a short-term bullish defense line. Holding this level increases the probability of a rebound.
If Bitcoin stabilizes and rebounds around 75,000-75,500, Ethereum may follow suit and recover, with room for a rally.
Ethereum: Pullback to around 2310-2300 looks promising, target around 2400-2500.
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