$ETH surged to the resistance level near 2850 in the morning and then started to retreat.

Next, pay attention to the 2770 level on a smaller time frame. If the hourly closing entity breaks below this level, the market may begin a 1-hour level correction. The initial support looks at the range of 2715 - 2700. If the entity breaks below this range, it could drop down to around 2650 - 2585, and conservative buyers can pay attention to those two positions.

As long as the hourly closing does not break below 2770, the smaller time frame bulls still have strength, but the rise will not be too aggressive.

Additionally, there is resistance around 2800 - 2850. If you want to short, pay attention to these two levels, and remember to set a stop loss to try it out.

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