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#数字资产动态追踪 Ethereum 4-Hour Chart Technical Analysis
The early morning rally pushed prices to around 3219, but the subsequent momentum has weakened, and currently, it is oscillating at a high level. In this situation, the logic for short positions is actually clearer.
From a trading perspective, the 3220 to 3250 range is an important resistance zone. If the price fails to hold this level, the 3000 support level below becomes the target. In this state, the market often lacks sustainability, and the probability of sideways consolidation or bottoming out is higher.
$BTC $ETH has a strong correlation with other mainstream cryptocurrencies, so it needs to be observed simultaneously. If Ethereum completes a pullback confirmation, the window for short positions will open.