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Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Regarding the latest Ethereum market situation, market analysts point out that 2450 USD is the current key level that needs to be closely followed. If it can stabilize above this level within a time frame of 1 to 2 hours, the short-term adjustment is expected to end, and the market may rise again. After the breakout, investors can pay attention to the resistance levels around 2490, 2520, and 2550 USD.
However, if the night trading fails to break through the $2450 resistance level, multiple time frames (including 1-hour, 2-hour, and 4-hour) may experience a pullback simultaneously. In this case, around $2410, $2380, and $2350 may become important support levels.
It is worth noting that the cryptocurrency market is highly volatile, and investors should carefully assess risks and manage their funds. In addition to technical analysis, attention should also be paid to the potential impact of the macroeconomic environment, regulatory trends, and other factors on the price of Ethereum.