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Observing the current market situation, the night ETH trend shows a weak momentum, and it is very likely to continue to dip.
Reviewing the previous market, although ETH has formed a medium bullish candle, it also has a relatively long lower shadow. This candlestick combination does not indicate that the bulls have gained the upper hand; instead, it suggests that bearish forces are secretly accumulating, and the subsequent market may continue to engage in a tug-of-war around the high point area.
Currently, the focus should be on the support line at 2800, with a defensive position set at 2830. If the support is broken, the next target area may point towards around 2700. Investors should remain cautious and implement risk control.