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Er Bing's Thoughts for Today:
Ethereum is moving very weakly right now. It rallied to 2385 but couldn't push higher, dropped to 2300 overnight to stabilize, and is currently consolidating within the range.
Short-term buying pressure is decreasing. Even with US stocks rising, it can't provide support. The indicators are clearly bearish, and volatility is narrowing.
Er Bing:
For short positions, watch the rebound levels at 2340-2380
First watch 2270; if it breaks, continue watching 2230
$ETH