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Ethereum experienced a slight intraday dip and rebound, with the current price back above the $2000 level. The overall volatility remains primarily in a corrective oscillation pattern. Compared to most altcoins, Ethereum's short-term rebound shows more resilience, with trading volume increasing and market activity rising. However, sustainability still needs to be observed. If it can hold above $2000 and break through the resistance at $2120-$2150, it will effectively shift into a structural bullish trend.
Recommended to go long around $1950 and $1920, with the initial target at $2150. If broken, look towards $2300.