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$ETH Ethereum is also on the rise, with MACD divergence indicating a downward move. Currently, it has reached the support near the lower boundary of the 4-hour ascending channel.
For now, it appears that the market has broken below the channel, showing a relatively weaker trend compared to the larger players.
If it breaks below the major support around 2180, until it falls below 2180, the bullish structure remains intact, and there is always a possibility of retesting highs.
Of course, I have been reminding everyone to strategically enter short positions on rallies. Properly managing your positions allows you to hold long-term trades.
The biggest mistake is chasing the highs and selling on dips, or trading emotionally.
Resistance levels: around 2290 → around 2345 → around 2450
Support levels: around 2250 → around 2180 → around 2050