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In the four-hour phase of Ether, the price rebounded last night following the m chart's middle band resistance line position, rising above the 4000 level again. However, the trend above 4000 has weakened. It is crucial to pay attention to whether the key level of 4000 can hold. If it breaks down again effectively, the next valid support will be around 3760. During the weekend, the market is expected to oscillate, so short-term operations will not consider the pattern reaching this position. On a macro level, the remaining narrative is whether the market will show risk aversion. Therefore, during the weekend phase, the focus is on defending support. If the price does not fall below this level over the weekend, then the reference range will be around 4k oscillation.


Ether reference: short at 4015, looking down at 3955. Defend 40 points #BTC #ETH
ETH3.02%
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