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Monday Morning ETH Market Analysis
From a technical perspective, the early triangle consolidation support has been effectively broken, and after multiple probes, short-seller selling pressure continues to be released. This is not a sign that the downward momentum is exhausted; rather, it is shorts accumulating strength and waiting for a new round of dipping. At present, it is pressing below the key resistance level. Any rebound is the best time to place shorts, and the weak pattern of a slow, downward drift will continue. The bearish downtrend for the swing phase will still persist.
Trading Suggestions
Place shorts in the ETH rebound 2210-2230 range, with targets looking toward 2180-2120-2040#Gate上线Pre-IPOs