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3.7 Evening Jing Yi ETH Market Analysis
ETH has broken below the original triangle and the 1985 support level. Currently, it is forming a small wedge consolidation around 1988, with 1985 as the short-term key resistance.
If it stabilizes above 1989, a rebound to 2019–2052 is possible, returning to the previous fluctuation range; if it falls below 1967, the next support levels are 1922–1863. A rebound from 1927 with stabilization can be a light short-term long position, but if it breaks below, consider abandoning the position.
In terms of trading, a volume breakout above 1989 can be a long entry, while a break below 1967 can be a short entry, with strict stop-loss management. The daily chart remains in wedge consolidation; if it breaks down, it will test the 1826 low. Weekend volatility is expected to be high, so risk control is essential. #2月非农意外负增长