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CPI meets expectations. In fact, this means that the February CPI will not be affected by war factors for now. Next month’s CPI will reflect March’s data, which is driven by the surge in oil prices caused by the Iran war, subsequently impacting inflation. The current observation point is that the market is clearing short positions based on CPI meeting expectations. Ethereum above 2000 is definitely not a good area to go long. The view remains strongly bearish, at least short below 2100.
On the long side, Ethereum below 1900, due to the 1908 stop-loss, was not successfully entered, and it is also rebounding at the support level. It is judged that this support has been exhausted, so the 1900 long position can be canceled.
In other words, the range of this market movement has not changed, and the previous week’s view is retained.
2400
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2100
1900
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1500