The current Ethereum price of $ETH is also in a strong bullish pattern. The current price has broken through the upper Bollinger Band resistance, showing strong upward momentum. From a technical indicator perspective, there is a possibility of short-term pullback pressure, while the medium to long-term RSI indicator is also close to the overbought area but has not fully entered it yet. The daily closing has formed a dusk cross star.
Although the price is still rising, it is under pressure from the daily upper band. As long as there is a pullback below 3860 during the day, and a double top forms above, it is very likely to return to the situation in the United States where there have been ongoing developments. For safety, any entry operations must ensure good risk control. Before the rise, the position was around the 3720-3750 area.
Ethereum: Sell near 3900 on the rebound, with targets around 3860-3850. If it breaks, look at 3810-3780 range.
