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Currently, based on Ethereum's situation, ETH has retested the support level at 2119 without further breakdown, indicating that this level has strong support.
After touching this level, the price quickly stabilized, and the hourly chart shows a long lower shadow, suggesting that the bearish momentum is weakening. Dao Ge believes this is a signal of the bulls gathering strength for a counterattack.
The 2119 level, as a key defensive zone, has been validated as effective. Moving forward, it is likely to oscillate upward around this level, testing the 2190 target. #ETH