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ETH spot rebound is underway, gradually recovering from the decline. All exchanges combined have approximately 41.5K net taker spot buys, indicating a clear accumulation signal.
However, a key time window needs to be noted — during the US public holiday, CME has 25 hours before opening. During this period, the market is likely to continue its range-bound fluctuations and consolidation, lacking a clear directional breakout. Only after CME resumes trading may a clearer trend emerge.