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Ethereum’s 12-hour rebound this time is quite textbook.
Today, there was a technical rebound after an oversold situation on the 30-minute chart. Now, it’s important to closely watch how deep this rebound can go. Personally, I’m inclined to trade within the range: buy the dips and sell the rallies, but always remember to set stop-loss orders.
Reference for the trading range: 2728-2758 to 2855-2870
Key resistance levels to watch above: 2855, 2870, 2905
Key support levels to watch below: 2758, 2728, 2675
If these are lost, then watch: 2608, 2547