Over the past 24 hours, Ethereum has experienced a clear "V-shaped" recovery with initial declines followed by gains:



First, bears exerted pressure and pushed the coin price down to the intraday low of 2099;
Subsequently, the coin price gradually recovered and is now stabilizing around the 2150 level, with bulls temporarily regaining control.

Short-term moving averages have been broken through by the coin price, indicating that a short-term rebound trend has been established; the MA60/MA120 resistance levels are formed around 2227-2228, with the medium-term momentum not yet fully strengthened. If the coin price holds the 2130 support and can break through 2200, light positions can be taken on the long side. In summary, follow the bullish trend in the morning session.

Ethereum: Long near 2118, Target: 2188~2208
Bitcoin: Long near 70100, Target: 71100~71500
ETH-2.14%
BTC-0.18%
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