Ethereum short-term is weak, and it may continue to pull back at any time, but the structure hasn't completely broken yet. Be cautious about being bullish; don't impulsively jump in.
After the appearance of a top divergence, there was a quick drop, and 2734 is a clear short-term high point.
If it goes up but doesn't hold, it gets smashed down, indicating significant selling pressure.
The current price is around 2660, hovering right between the EMA21 (black line) and the dense moving average area.
This position is neither awkward nor comfortable; it is a typical "tug-of-war before direction choice."
The EMA144 / 169 / 288, these medium to long-term lines are still providing support below:
Around 2620 is a key support area; if it breaks, pay attention to potential short-term weakness.
If it doesn't break, it can still be seen as a normal pullback.
(Short-term thinking):
It is not recommended to chase short positions, nor to chase long positions.
The current uncertainty is too strong; it can't go up or down, making it easy to be harvested.
Wait for two signals:
A strong pullback that stays above 2690 → can go long
Breaking below 2620 with increased volume → can go short in the direction of the trend
The short-term direction hasn't emerged; don't guess blindly, watch more and act less. Wait for a real breakout before taking action, or you'll just be paying transaction fees.