ETF market analysis, there is room for slight gains tomorrow

The current price of ETH is $2,575.42. It has a clear downward trend recently and fell below the previous short-term support level. Prices are hovering at lower levels, indicating greater selling pressure in the market. Trading volume has enlarged in the past few days, but there has been no significant increase, indicating that the market's rebound is not strong. Volume is currently slightly lower, suggesting the market may be looking for its next move. Judging from common technical indicators such as MACD and RSI, it may be in the oversold zone, but it does not show obvious reversal signals. If the price fails to effectively break through the upper resistance level, it may continue to find support downwards.

The current support level can be referred to around $2,400, which was also a strong support area in the early stage. The resistance level can be referenced in the $2700-2800 area.

Juliet Based on current technical analysis, ETH may continue its weak trend tomorrow. If there is no strong positive news or buying interest in the market, the price may continue to test the support of $2,400 downwards. On the contrary, if the trading volume can be effectively amplified and breaks through the short-term moving average, the price may rebound slightly, but the resistance above will still be strong. I think this is a necessary preparation before the market starts.

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