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5.7 Morning Ethereum Market Analysis
Ethereum overnight followed Bitcoin's rally, then pulled back, with overall high-level consolidation and reduced volume, indicating a shakeout and accumulation phase. The bullish structure remains intact; wait for a breakout to signal a trend reversal during the day.
Trading Suggestions
Place long positions at the strong support level of 2300 below; if broken, watch for the previous high range of 2420-2450.