#ETHRally On the 1H chart, ETH is extending far above MA7 and MA25, clearly in the overbought zone. The upward momentum has slowed, with recent candles showing long upper wicks, indicating selling pressure is emerging. Trading volume is decreasing compared to the previous rally, signaling weakening buying power.
The current preferred scenario is a short-term sell trade around the 4,720–4,730 range, with a stop loss above 4,740 to limit risk. Profit targets are set at 4,680 and 4,590 respectively. The overall trend still maintains its upward momentum, so this is a scalping trade aimed at catching a correction — not a position to hold long. $ETH