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Happy Year of the Horse
Overall, ETH's short-term trend is very weak, following the market for a deep correction. Although technical indicators (such as RSI and MACD) show that bearish momentum is weakening and there is a short-term rebound argument, the price needs to break through and stabilize above $2,040 to truly stabilize. Otherwise, the market is likely to continue oscillating within the current range, with even the possibility of further decline to find support.