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cryptography1
Ethereum is currently exhibiting a textbook "dead cat bounce" after a severe drop from $ETH 2,778 down to the $ETH 2,005 support level.While today’s +1.65% green candle is a welcome relief, the price is still heavily suppressed below the MA5 (2,128), MA10(2,207),and MA20(2,260).The moving averages are pointing sharply downward, acting as dynamic resistance.
Expect a relief rally toward the 2,150 – 2,200 resistance band, where the MA10 and MA20 converge.This will be a critical inflection point.
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