Ethereum faces resistance after a surge! Is it a dead cat bounce or a trend reversal? 🚨

Ethereum has strongly rebounded from the key support level of $2800, but the price has now entered a strong resistance zone made up of multiple technical levels. Despite the significant rebound, the overall downward structure on the daily chart has not been broken. This means that the current rise may just be a "dead cat bounce"; if it cannot effectively break through the resistance, bears may regain control.

💡 Key Insight: For traders, the current price level is a crucial dividing line for determining long or short positions. Breaking and holding above the resistance will open up new upward potential, while encountering resistance and falling back may indicate the end of the rebound and a retest of the support below. Please closely monitor changes in trading volume and the defensive and offensive levels at key prices.

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