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Take a look at Ethereum's recent trend. On the 4-hour chart, it followed Bitcoin over the weekend to break through the 3050 resistance level, and is now approaching the next key resistance level. But honestly, the current price is stuck between two defenses, feeling a bit lukewarm.
If you want to continue trading, you can only rely on support and resistance levels for operations. For a bearish outlook, consider the 3260 to 3270 range, where the downward trendline resistance and Fibonacci 0.618 level overlap, providing a clear signal.
However, the key still depends on Bitcoin's performance. If Bitcoin can hold above the 940 resistance level and successfully break through, Ethereum will likely follow suit and break out as well. So for short-term trading, Bitcoin's movements are the weather vane.