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ETH is currently oscillating at low levels, with technicals (MACD, moving averages) still being bearish-dominated, just with the downtrend temporarily halted.
- This rally is an emotional rebound with low volume and weak buying pressure, a "false rally."
- Selling pressure is heavy, with large sell orders pressing down around 2111, unable to push higher.
- Trading recommendation: Short directly at current price of 2111, stop loss above 2130; first target 2080, if broken watch 2050; any rebounds are opportunities to add positions with favorable risk-reward ratio.
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