According to the current market situation, the four-hour level shows that the market is experiencing a two-day consecutive rebound. However, due to the pressure from the middle band of the Bollinger Bands, the price has not moved out of a larger range. The MACD indicator's fast and slow lines are converging and running near the 0 axis, indicating that both bulls and bears are in a contesting phase. From the one-hour level, the market is showing a four-day consecutive bullish pattern, with strong bullish momentum in the short term. However, the KDJ indicator's J value has entered the overbought zone, indicating that the probability of a pullback in the future has greatly increased. Additionally, the overall trend leans towards a range-bound fluctuation. Therefore, in the morning operations, we will focus on high shorts after a rebound.
You can short around Ethereum 2550, targeting 2450.
