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Ethereum on the 4-hour level shows price in a 9-day rally near the upper Bollinger Band channel, with the morning high reaching around 2385, from a technical perspective, the KDJ three lines have entered the overbought zone. On the 1-hour level, after the morning spike, a gravestone doji formed followed by a pullback, currently price is oscillating at high levels, the MACD indicator's dual lines have formed a high-level bearish crossover moving downward, bullish volume has significantly weakened. For short-term operations, it is not recommended to continue chasing higher, intraday focus on a pullback wave.
Ethereum: Short at 2358, target 2298, stop loss 32 points#BTC #ETH