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Ethereum Daily Analysis: Currently, the price has broken below the Bollinger Band midline, with the downtrend continuing. MACD indicator shows weakening bullish momentum, and the dual lines are above the zero line turning downward. On smaller timeframes, after weekend consolidation, the early morning low retraced to the 2024 level. The current rebound to 2065 is merely a technical correction. The chart clearly shows bearish momentum is still releasing, and the weak downtrend pattern remains unchanged. Any rebound is a bull trap—do not blindly chase the bottom!
Ethereum Reference: Short at 2068, target 1968, stop loss 40 points#BTC #ETH