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Ethereum's four-hour chart has now reached a critical support level. Around 2050 is the middle band of the four-hour Bollinger Bands, and it also represents a resistance level in the previous converging triangle pattern, where the price has tested three times and then pulled back. It has now turned into support, and the support strength is relatively strong.
Looking at the trading volume, after the market rose to around 2200, there has been no significant increase in volume during the decline. The key point is to observe the volume change at the 2050 level: if the volume increases and breaks below the 2050 critical support, the downward space below will open up, and a return below 2000 cannot be ruled out. Currently, the overall crypto market is also slightly declining. In terms of trading strategy, just pay attention to this key level.