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Friday, April 23rd Morning Bitcoin and Ethereum Latest Outlook
Yesterday, ETH surged then retraced, reaching a high of around 2120 during the day before facing resistance and declining. It ultimately closed down about 3.55%, around 20.3, with short-term rebound momentum exhausted, showing a weak sideways pattern.
Today, ETH follows the broader market with a weak trend. There is strong resistance in the 2100-2150 range above, making it difficult for the bulls to sustain upward momentum. Trading strategy is to short on rebounds, with a light position in the 2100-2130 range, stop-loss above 2160, targeting 2050, and further down to the 2020 support level. Weak rebound, short on rallies.