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Ethereum's overall trend still follows Bitcoin's movement, basically moving in sync with the same rise and fall. Overnight, the price briefly surged to around 2088 before quickly facing resistance and pulling back, with the lowest dip reaching around 2018 in the early morning.
From the current rhythm, after the decline, the price has been consolidating at low levels with sideways fluctuations, and the rebound strength is clearly insufficient, with short-term bullish momentum gradually weakening.
On the four-hour chart, after the surge and pullback, there have been consecutive bearish candles, and the short-term rebound trend has been broken. In the indicator chart, the MACD lines are clearly turning downward, indicating weakening momentum, while the KDJ lines are diverging downward, signaling increasing bearish strength. There is still a possibility of further decline in the short term.
The trading strategy remains unchanged: focus on shorting during rebounds, watching for short opportunities around 2050, with the lower target still aiming at the 1950–1900 range.
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