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The market trends over the past couple of days have definitely lifted my spirits. Ethereum pulled back to around 2980, dipped only as low as 2970 before starting to rebound, and has now reached the resistance level near 3220, peaking at 3214. Although there has been some pullback, it’s still in an upward trend with support around the 3100 mark. After breaking through 3200, the next strong resistance for Ethereum is near 3510. If it can hold above the 3220 support, it will enter a bullish trend.
As for Bitcoin, its price action has also reached the resistance zone we previously mentioned at 94000. Although it has started to pull back, if it breaks through next time, it’s likely to reach the 96000 mark. Currently, it’s in a consolidation trend after a breakout and retest, with support around 93000. There’s a noticeably improved liquidity in the market these days, but whether it can be sustained remains to be seen. Hold your positions, manage your risk, don’t rush for quick gains, and patiently wait for the best opportunities to add to your holdings.