Ethereum #ETH triggers a 4-hour overbought signal.

I tend to use this signal for taking profit on long positions in batches, rather than reversing to short.

Looking back at the previous three overbought signals:

After the first, the market turned to sideways movement, and the second and third both saw significant pullbacks.

However, this time is slightly different, the EMA moving averages are starting to turn, and bulls have a slight advantage.

Therefore, this overbought signal is more suitable as a reference for taking profit in batches, and currently does not constitute ideal shorting conditions.