Ethereum's recent rebound is slightly weaker than Bitcoin's, but the structure is similar. The key level today is $1990.


If the price retraces without breaking below $1990: same logic as Bitcoin, indicating that the bulls are still in control, and you can consider going long based on this level. After moving up, short-term resistance is around $2050-$2060. If it stabilizes there, we could see $2090-$2100, which is the next important short-sell zone. Going further up, strong resistance is near $2130-$2150.
If the price retraces and breaks below $1990: then the short-term trend turns weaker, and there's no need to rush into longs. First look at the support at $1955; if it breaks, then test $1905, or even revisit the previous low around $1870.
ETH1.27%
BTC2.34%
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