Those who trade contracts with ETH should also be cautious; its highs are getting lower. As long as it doesn't break through this resistance line, it won't be able to achieve a reversal with a sharp rise. Before any major drop occurs (such as testing supports at 1750, 1650, 1588), those going long are betting on Ethereum breaking through the resistance line. To be honest, the risk is too high. You might be considering the risk-reward ratio, because once it breaks through, it won't give you a chance to pull back and get on board; it won't look back.

However, Ethereum rises slowly when it is going up, and when it reaches the resistance line, it quickly drops, so I think we should first observe whether Ethereum is indeed building up strength to break through or if it is just a final lure to trap buyers.

By the way, it's important to note that tomorrow, Wednesday, there will be the dual positive news of the Federal Reserve's interest rate decision and Ethereum's Prague upgrade. #ETH