$ETH Market Analysis and Recommendations

Looking at the chart, after a sharp drop, ETH rebounded from around 2405 to the 2485 area. Some buying support has emerged in the short term, but the overall bearish trend has not yet reversed. For now, this looks more like a technical recovery after being oversold.

Pay close attention to the resistance zone at 2500–2520. If ETH breaks through on strong volume and holds above it, the rebound could continue toward 2530–2550. Support is around 2430–2450. If ETH falls below 2405 again, watch for a further decline.

Hao believes you should avoid blindly trading with the trend right now. If the rebound encounters resistance, watch for short-selling opportunities; consider a small long position only after the price pulls back and stabilizes. Strictly manage your position size and stop-loss.
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