The profit-taking point given by ETH yesterday at 2666-2688 was reached this afternoon, touching 2692. It is currently at the upper Bollinger Band on the 4-hour chart, and if it breaks above 2700, we will look at the previous high of 2738 and the new high of 2796.

Around 2496 has become strong support, and the bulls can defend this level (solid bars only; wicks not included). If it breaks below here, it will turn short-term bearish.