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Ethereum, yesterday it moved in tandem with Bitcoin, trending upward with a peak near 2053. It was publicly bearish at 2011 and perfectly hit the 1960 target. Currently, Ethereum is consolidating around 2030.
On the four-hour chart, after a strong rally to 2200 was blocked, it declined to support at 1916 and rebounded. The continuous bullish candles pushed through the upper band resistance but failed to sustain the momentum and retraced again. It is now trading below the upper band. Overall, the weak structure has not reversed due to the short-term rebound, so the main trend remains bearish.
In the short term, there are no signs of a breakout, and resistance remains overhead. Expect a pullback today.
Look for short positions around 2055 and 2075, with support at 2000-1950. #微策略再砸12.8亿美元增持BTC