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#ETH
Current Price: 2,198.89 USDT
Resistance Above: 2,250 - 2,273 range. The price surged to 2,273 but then experienced a clear pullback, and subsequent rebounds failed to break through the 2,250 level, forming a short-term "double top" or high-level consolidation zone.
Support Below: First support zone: 2,180 - 2,190. This is the current immediate support area and also the horizontal dashed line in the chart.
Key Strong Support: 2,100 - 2,130. This was the starting point of the previous rapid rally. If the price pulls back significantly, there will be strong buying support in this range.
Trading Strategy:
If the price can stabilize between 2,180 - 2,190 and rebound with increased volume, it can be seen as a "high-level shakeout," with the target returning above 2,250.
If it breaks below 2,180 and fails to rebound, the market is likely to retest the 2,130 or even 2,100 levels. Due to the heavy selling pressure at 2,273, there is a possibility of forming a "top" in the short term.