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3.31 Tuesday Morning Short-Term Trading Strategy for ETH
Yesterday's trend: ETH surged yesterday but then pulled back, with a slight upward correction in the morning. It reached a high of 2080 before facing resistance, and in the evening, it retreated to the 2000 level. The daily candle closed with a long upper shadow, indicating significant selling pressure above.
Considering the consolidation range of Bitcoin, ETH is likely to continue fluctuating mainly within this range. Focus on the support zone between 1990–2010 to see if it holds. If this area stabilizes, there is potential for a short-term rebound toward the 2110–2120 resistance zone. In terms of trading, prioritize buying on dips, and if signs of stagnation appear near resistance levels, consider shorting higher up. #ETH