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Driven by the rise of Bit breaking through new highs, Ether also shows a slight upward movement. However, during the upward process, it encounters significant selling pressure from above, limiting the upward momentum.
The daily chart has shown a death cross, accompanied by an increase in bearish volume and a weakening of bullish momentum, indicating a clear demand for a pullback in the short term. The intraday outlook is bearish.
Short near 4580, targeting down to 4420-4360 $ETH