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The slow bull trend continues to extend, and Ethereum relies on support to keep looking higher
Yesterday early morning, Ethereum pulled back from around 2370 all the way to a low near 2300, then saw a wave of rebound in the early hours, with the highest reaching around 2380. Currently, it is consolidating around 2350.
Multiple pullbacks to the 2300 area below have always failed to effectively break through, indicating stronger willingness from the bulls and clear buy-side support. Looking at the daily structure, Ethereum is also in a slow upward channel, with lows gradually rising, and the overall trend still remains biased toward the bulls. As long as the support below is not broken, we continue to maintain a bullish mindset at lower levels.
Go long directly around 2330; first target 2420. If it breaks through, look toward 2500.
$BTC $ETH #Strategy上周购入13927枚比特币