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$ETH Trend clearly weaker than Bitcoin, with institutional-level buying present in Bitcoin.
Ethereum reached a high of 2423 but continued to decline, currently stuck around 2318 in a narrow sideways range, multiple tests of the 2337 resistance level on the 1-hour chart have all failed, rebound momentum is clearly insufficient, and the trend is somewhat weak.
The 2337-2350 range above is a short-term key resistance, with strong resistance still at the previous high of 2423; support below first looks at the 2285 level, and if broken, it will likely retest around 2250.
The 4-hour chart is in a weak correction phase after a decline, with bearish momentum not fully released yet. Short-term trading should mainly follow a sideways to weak approach, with light positions for shorting on rebounds facing resistance, and considering low buy entries after support is confirmed on a pullback. #加密市场行情震荡