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After experiencing the baptism of the low point at 2620, ETH has entered a strong rebound mode, successfully standing above the 3000 integer mark on the 27th, marking a significant shift in the short-term trend.
On the daily chart, after the MACD golden cross forms, the red bars continue to expand, indicating sufficient bullish momentum. The short-term moving averages have formed a bullish arrangement, providing strong support for the price.
In addition, the 2800 area has established a strong support platform, while the breakout of the long-term downtrend line has cleared important obstacles for subsequent upward movement. Overall, the current technical shape of ETH is healthy, and it is expected to steadily rise and challenge the 3200 or even 3500 price level.
Operation suggestion: Buy around 3000-2940, target 3080-3200, if it breaks continue to look up.
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