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ETH experienced a deep V-shaped reversal today, surging to a high of 1650. The short-term bullish momentum from the spike is exhausted. It is completely tied to BTC, with no independent bullish trend. 1650 is the bull-bear divide tonight. If it cannot hold with volume, it will be difficult to continue rising. Next resistance is 1670, which is hard to reach in the short term.
Intraday support is 1590-1600. If lost, this round of rebound ends.
US ETFs continue to see outflows.
Trading suggestion: short at 1650-1660, target 1620-1600.
Trailing stop loss.
Personal advice, for reference only #eth