ETH, the range is intact—sell high, buy low

After the early-morning meeting on the reserve decision by MeiNian, there isn’t much difference in the room for volatility 🫓. Price is still running in a range-bound tug-of-war; the short-term pace is a bit weaker, but it hasn’t broken through the key support.

On the 4-hour chart, the Bollinger bands tighten toward the upside, and the room for movement at smaller timeframes narrows. The MACD forms a downward death cross; however, the energy histogram bars have not expanded. Meanwhile, after KDJ enters the oversold region, it turns upward. In the smaller timeframe, there are no clear long/short signals—so under this setup, participating with short-term trades is sufficient.

Short-term support is in the 1730–1720 area. If there’s a pullback toward this area, you can look for opportunities there; set a stop loss below 1700. Target to the upside is 1800–1850. If the target is reached without extension, flip the position 🈳 and set a stop loss above 1850.