$ETH Evening thoughts


The hourly chart from last night until now shows a typical "dip followed by a rebound and then a pullback": the lowest hit 165, just touching the lower Bollinger Band support, then rebounded all the way to above 168, touching the upper Bollinger Band, then faced resistance and pulled back. The current price is at 167, just slightly above the middle Bollinger Band at 167, overall still above the middle band, the bullish momentum hasn't completely given up, but the resistance at the upper band is already quite evident.
In summary, 168-169 is a watch zone for bullishness, 165-166 for bearishness.
ETH3.34%
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