ETH, after a sharp rise in price, has experienced a pullback and consolidation, with many long upper shadow candlesticks, indicating significant selling pressure above.
Currently, the price is hovering around 4450, and the candlesticks have not formed a clear directional trend, remaining in a state of consolidation, suggesting that both bulls and bears have reached a temporary balance at the current price level.
The indicators are still above the zero line, which shows that the bullish forces overall hold a certain advantage!
Suggestion: Buy around 4400-4350, with a target near 4800!
