On June 26th at dawn
From the four-hour chart of Ethereum, the current price has been fluctuating in a narrow range around the upper Bollinger Band, clearly demonstrating a situation where the forces of bulls and bears are evenly matched and locked in a standoff.
It is particularly noteworthy that the green momentum bars in the MACD indicator continue to show a sustained expansion. This phenomenon clearly indicates that, within the current four-hour cycle, the bearish forces are dominant and play a key role in influencing the price trend.
Ethereum suggests a short position at 2430-2460, looking down towards the 2370-2340 area; a breakout below can lead to further declines.
