From the current trend, the daily line of $ETH has been continuously rising, with an overall upward trend and fluctuations. The 4-hour level shows a bullish candle with a long lower shadow, indicating strong buying support at lower levels.
The daily MACD red energy bars continue to expand, with bulls in control; the 4-hour MACD has formed a golden cross, dominated by the bulls in the short term. However, the daily RSI is approaching the overbought zone, which may lead to a pullback; the 4-hour RSI is still within a reasonable range, indicating potential for further upward movement. The price has broken through the EMA7 and EMA30 moving averages and is far from the EMA120 moving average, with the EMA7 currently forming a support level.
In terms of operations, it is recommended to short in the $2670-$2700 range, targeting around $2600, as this position is a recent high-pressure area, combined with the daily overbought signal, indicating a need for a pullback.
