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$ETH
The current price of ETH is fluctuating in the range of 2490-2575. On the 4-hour chart, the price has just touched the upper Bollinger Band and the upper edge of the fluctuation zone (around 2580). After the MACD fast and slow lines golden cross, momentum is weakening, and the RSI is at 65, close to overbought but not extreme yet.
In terms of candlestick patterns, the recent few candles have upper shadows, indicating significant selling pressure above. ETH's short-term resistance is at 2580-2600; it is not advisable to blindly chase long positions before breaking through. There may be a risk of a fake-out!
You can short in the range of 2580-2600 where the resistance is not easy to break through, with a target around 2500-2470!
The current price of ETH is fluctuating in the range of 2490-2575. On the 4-hour chart, the price has just touched the upper Bollinger Band and the upper edge of the fluctuation zone (around 2580). After the MACD fast and slow lines golden cross, momentum is weakening, and the RSI is at 65, close to overbought but not extreme yet.
In terms of candlestick patterns, the recent few candles have upper shadows, indicating significant selling pressure above. ETH's short-term resistance is at 2580-2600; it is not advisable to blindly chase long positions before breaking through. There may be a risk of a fake-out!
You can short in the range of 2580-2600 where the resistance is not easy to break through, with a target around 2500-2470!
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