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https://www.gate.com/announcements/article/45974
Ethereum's morning market saw a slight pullback to a low of 3485 before gradually rebounding. In the afternoon, the price reached a high near 3590 but faced pressure and retreated. During the early session, when Ethereum experienced a small pullback, Li Ge keenly seized the opportunity for a long positions rebound and entered a long order near 3500, taking profit around 3570, gaining a space of 70 points.
From the current market perspective, the trend has clearly slowed down after two waves of Rebound, indicating that there is certain pressure at the middle band of the Bollinger Bands, and the long positions have not shown a sustained momentum.
Ethereum can be short near 3580, target looking at 3480.