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ETH
Following recent strong ETH momentum, the rebound near 2390 encountered selling pressure from bears, resulting in a significant pullback with market sentiment characterized by intense long-short competition.
Overnight news triggered rapid market downside, but failed to sustain the decline and is expected to stabilize. Currently, the uptrend remains intact. Additionally, continuous ETF net inflows provide support. During the day, pay attention to 2140 as a key on-chain cost and structural support level. As long as it doesn't break below, we can trade the bounce, targeting 2250-2300 nearby.