Ethereum at the 4-hour level shows 9 consecutive positive candles near the upper Bollinger Band channel, with the morning high reaching around 2385. From a technical perspective, the KDJ three-line has entered the overbought zone. On the 1-hour level, after the morning surge, a gravestone doji formed with a pullback. Currently, price is oscillating at high levels, with the MACD indicator showing a bearish death cross at high levels, and bullish momentum significantly weakening. For short-term operations, we do not recommend chasing higher; intraday focus on a pullback wave.
Ethereum: Short at 2358, target 2298, stop loss at 32 points#BTC #ETH
Ethereum at the 4-hour level shows 9 consecutive positive candles near the upper Bollinger Band channel, with the morning high reaching around 2385. From a technical perspective, the KDJ three-line has entered the overbought zone. On the 1-hour level, after the morning surge, a gravestone doji formed with a pullback. Currently, price is oscillating at high levels, with the MACD indicator showing a bearish death cross at high levels, and bullish momentum significantly weakening. For short-term operations, we do not recommend chasing higher; intraday focus on a pullback wave.
Ethereum: Short at 2358, target 2298, stop loss at 32 points#BTC #ETH