$ETH Yesterday, the US stock market opened lower and then moved higher. This week's closing will be a key point for the US stocks, determining whether the market is adjusting to a new high and entering the late stage of a bull market or breaking below the bull market support band and entering a bear market. Based on the market and certain data, the current rally is caused by short covering accumulated after recent declines, and it has triggered some mechanism-driven chasing strategies. Data shows that open interest is decreasing, which is not due to major players building positions or increasing holdings to push the market up. In the short term, on the one-hour chart, the MACD indicator shows a potential bearish divergence signal: prices are continuously hitting recent highs, but bullish volume bars are shrinking, and the KDJ three-line indicator is also showing signs of turning downward. Tonight, it is not recommended to chase higher; instead, watch for a pullback trend.