ETH Morning Analysis
Last night's market first showed strong upside momentum, encountering obvious resistance around 2200, followed by a minor pullback. Overnight, it retested to 2192 before rapidly falling, with the lowest point reaching 2117. Currently, price is oscillating near 2140, with bullish momentum clearly weakening.
From a technical structure perspective, although the four-hour chart shows volume breakout through the midline, the uptrend lacks sustainability. Instead, consecutive upper wicks have appeared, with obvious selling pressure from above. Meanwhile, the Bollinger Bands over
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