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ETH's K-line closed strongly in the early trading, the four-hour K-line also successfully stood on the middle track, the KDJ golden cross moved upward, and the overall trend remained bullish.

Market analysis:

ETH's K-line closed strongly in the early trading, the four-hour K-line also successfully stood on the middle track, the KDJ golden cross moved upward, and the overall trend remained bullish.

After many days of decline, Ether reached near the trend line, and the validity of the two trend lines was verified in the short term. The price was gradually suppressed by the moving average, and a clear short signal appeared. Therefore, the price will touch downward again in the short term within a week. The support level of 2168, if it reaches 2168 next time in the short term, then there is a probability that the market will break down. At present, through technical analysis, ETH has effectively reversed around 2480. Therefore, when this high point is determined, a new low point will appear. In the near future, the price will most likely reach around 1930.