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Ethereum touched 3403-2775 this morning and rebounded after approaching the lower edge of the daily central zone. The 4-hour chart shows a downtrend starting from 3403, and it is still unclear whether 2786 marks the end; further confirmation of the right-side low point is needed. Recently, the 30-minute chart has upgraded the original 30-minute central zone to a 4-hour central zone around 2918-3002. The decline to around 2787 this morning formed a consolidation divergence, triggering a rebound. Intraday resistance is expected in the 2900-2930 area, and support in the 2800-2780 area.
Trading ideas:
1: Short near 2920-2950 on rallies, with a stop loss at 2970 and take profit at 2850-2830.
2: Long near 2800-2780 on dips, with a stop loss at 2750 and take profit at 2880-2900.
Follow Master Qiao for the most professional market analysis.
(The above suggestions are time-sensitive and for reference and discussion only.)