Currently, there is still a certain range for a short-term rebound. The 1-hour and 4-hour patterns both indicate the possibility of continuing to extend.
Mnemonic reference: Asian session rises, European session continues, and the pullback before the US session is a trap to short!
The 4-hour level has formed a pattern of four consecutive upward candles, and the price has successfully broken through the middle band of the Bollinger Bands. Although the current bullish candle body is relatively small, and there are upper shadows on top, the process is still bearish.
Recommendation: Short after a rise to 118000, with the first target at 119000, then 122000! Once reached, short again!
Ethereum's movement has been minimal today! It is recommended to go long at lower levels before shorting again!
