On an hourly timeframe, Ethereum’s price has suddenly surged in volume and then substantially deviated from the upper band, which indicates a serious short-term divergence. Going forward, unless it enters extreme short-squeeze “high-value” conditions and becomes dull/neutralized at the high level, it is unlikely to continuously make a large push higher; from a technical perspective, there is an extremely strong need for a pullback. For intraday strategy, you can maintain a bearish outlook without breaking above 2680.


Ethereum: Short at 2364, target 2294, defense 40 points
ETH3.07%
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