$ETH
Lazy about posting because I'm out of stock, so I'll give a quick assessment for those still in the fight
⏳ H1 Frame
The price is still above EMA9 (4,732) and EMA21 (4,694) → the short-term trend is still upward.
KDJ is bouncing up, K > D, and hasn't entered the overbought zone → there's still room for growth in the short frame.
RSI(6) is around ~71 → not too hot yet, but it's in the caution zone.
OBV remains high and flat → buying pressure hasn’t exploded further, but it hasn't been strongly sold off yet.
→ H1 is currently in a state of accumulation at the peak, maintaining the short-term uptrend, it may test back to 4,780–4,800 but caution is needed as this area is an old peak.
📅 D3 Frame (candle not closed, about ~2 days left)
RSI(6) ~88 → extremely hot, approaching potential distribution zone.
KDJ K > D and has been in the overbought zone for a long time → high probability that after this candle closes, a test or correction will appear.
OBV on a larger frame maintains a clear upward trend → the cash flow is still supportive.
→ If the D3 candle closes near the 4,780 area without long wicks, the market will maintain a bullish bias, but the distance is too far from EMA9, making the risk of a short adjustment afterward very high.
Combining the two frames:
H1 is showing good price holding above EMA9 → there’s a possibility of another test at 4,780–4,800.
D3 is too hot → after completing the test phase, a "light sell-off" or short EMA backtest may occur to cool down.
If it were me:
Short-term trading: You can still look for long positions at the retest points of H1 EMA9, take profit close to the old peak.
If there are orders from below: Just hold until the H1 wave retracement ends with two EMA lines crossing decisively, and that wave peak is lower.
Short: Orders are held quite long, still waiting for two lower peaks in H1 to finish drawing.