There is a need for a rebound in the ETH price on a smaller timeframe. Once the rebound begins, the high point will be in line with the EMA and the liquidation level, with the price likely in the 2120-2140 range. We can watch whether it can break through and hold above this level. If it breaks through but fails to hold above the level and a closing candlestick appears, we can consider entering a short position.
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