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Thursday Morning ETH Analysis for 3.5
ETH surged to 2201 and then pulled back. Moving averages show a death cross, bullish momentum weakens, rebound lacks volume, and indicators are bearish.
Whether it's the escalation of the US-Iran conflict or Trump's tariffs coming into effect, the overall market trend remains bearish. The shakeout won't last long. For intraday trading, mainly consider short positions.
Ethereum: Short between 2150-2180, target 2060-2000.