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ETH Analysis
ETH surged to 2198.57 yesterday before pulling back, with price under pressure from short-term moving averages and the Bollinger Band midline, creating a tight tug-of-war between bulls and bears.
On the technical side, the Bollinger Bands continue to narrow with reduced volatility, the KD indicator is in the neutral zone, and the lower band is gradually rising, suggesting weakening downside momentum in the short term. The 2125-2135 range serves as the core support zone; a breakthrough below would probe the 2100 round number level. Resistance is concentrated at 2160-2180, requiring volume to break through and reverse the weakness.
From a macro sentiment perspective, Fed policy expectations still weigh on risk appetite, with market sentiment cautious and ETH movements highly correlated with BTC momentum. If BTC holds steady above 70500 in the afternoon, ETH may attempt to test the 2180 resistance; if BTC breaks below 70000, ETH may simultaneously probe the 2100 support.
Trading Suggestion: Short at 2170-2200, targets 2080-2000.