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2.27 Cryptocurrency Circle Mr. Coin: Ethereum (ETH)) market analysis reference: Ethereum prices dipped to yesterday's low and then rose to around 2150, facing resistance. The trend has been hovering around 2050. After breaking through the short-term resistance above, it entered a wide-range oscillation pattern. If the market stabilizes around 2000 in the future, the price is expected to continue testing higher levels. Therefore, it is recommended to prepare for long positions with a light position.
On the short-term hourly chart, the current trend is under pressure and pulling back. Although the price broke through 2100, the upward momentum is not very strong. Short-term break traders should seize profits timely and manage risks well. The current trend is mainly to buy on dips with solid support around 2000 and 1950.
Ethereum short-term reference for 2.27: For shorts, focus on the 2130-2080 range, with a stop at 2280, targeting below 2050. For longs, pay more attention to the 1910-1960 range, with a 50-point stop loss, aiming above 2000.
The message sending may be delayed. Strategy suggestions are for reference only. The market changes rapidly. No matter how confident you are in your market judgment, always set take profit and stop loss orders to secure gains.