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Recently, Ethereum and Bitcoin have been moving in sync, both oscillating within a range and repeatedly testing levels.
From a technical perspective, ETH is currently in a clear consolidation phase. The support level is around 2888-2870, while the resistance is in the 3030-3050 range. Although the space between these two lines isn't very large, there is still some fluctuation.
There is a key level worth paying attention to—on the 4-hour chart, 2965 is the current boundary between strength and weakness in the consolidation. Breaking above it could lead to testing the resistance, while falling below might lead to further downward exploration.
If you want to go long, the 2780-2790 range is a good entry point. This position still has some buffer from the support level and is relatively low, offering a balanced risk-reward ratio. Of course, specific operations should also consider your own risk tolerance.