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Ethereum remains in range-bound consolidation with a breakout on either side
Ethereum resistance: 2100/2100 2150 2180 2200
Ethereum support: 2050 2030 2000 1980 1950
Observe whether a secondary bullish pattern forms. If there is no rebound and the pattern remains unchanged, go short directly. Today’s main focus is on 2-hour trades, observing whether a smaller timeframe shows bullishness. Also, keep an eye on the 4-hour chart for a potential secondary reversal forming a bullish pattern and breaking above 256.
Bitcoin resistance: 71700 72000 74000 74500