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The Second Cake ETH
Current price range: $1550~$1600, significantly weaker than BTC, acting as a leading decliner
- Market characteristics: High beta attribute, when BTC drops it drops faster, when BTC rebounds its rebound is weaker, existing funds prioritize BTC for safe haven, Ethereum liquidity is diverted
- Key levels
✅ Short-term support: $1520~$1500 (psychological + previous dense trading support)
✅ Ultimate support: $1420~$1400, once effectively broken below, mid-term bearish confirmed
❌ First resistance: $1630~$1650
❌ Strong resistance: $1700, only reclaiming this level will repair the weak structure