$ETH there was no new high, but a contraction and adjustment!!🔥🔥🚀

Combining with the hourly chart, the Bollinger bands are in a state of closure, it is possible that during the night a lateral correction occurs below the initial high of the week, assessing whether the adjustment space is a strong consolidation or a weak consolidation. A strong consolidation will focus on the lateral range, while a weak consolidation will be accompanied by a pullback in the space.

Given the divergence of the moving averages, short-term caution should also be exercised regarding the possible pullback after reaching highs, with a high fluctuation base, the adjustment space should not be underestimated. Regarding trading, both the upward and downward forms have opportunities.