📊 ETH Market Observation | Short-term Rally Hits Resistance, Beware of Pullback

ETH Current Price 4546 USDT, short-term has rebounded nearly a hundred dollars from 4450, but encounters resistance from the upper Bollinger Band and long-term moving averages in the 4550-4600 range, with bullish momentum slightly lacking.

🔍 Market Signals

The 4-hour K-line just touched the upper Bollinger Band, showing a red K, with signs of selling pressure being released.

Though MACD has golden cross, the red bar's momentum is starting to shorten, indicating short-term bullish fatigue.

Active sell orders are clearly greater than buy orders, with high-level funds beginning to reduce positions.

📈 Strategy Suggestions

Aggressive: Light short positions at 4550-4600, stop loss above 4610, target 4500-4480.

Conservative: Wait for price to pull back and stabilize in the 4480-4500 range before considering following the trend to enter long.

⚠️ 4450 is the short-term watershed for bulls and bears; once it breaks down, the bullish rhythm will be disrupted.