$ETH Two Bing (morning) analysis



After the market has been rising consecutively, it gets stuck in a high-range area. Each time it repeatedly pushes higher, it fails to stabilize—when it reaches the upper zone, it gets suppressed and drops back. The Bollinger Band upper band forms strong resistance. After the price moves close to the upper band, it continues to oscillate and weaken, making it difficult to break out into new highs.

Recent swing highs are gradually trending lower. After the bullish push, momentum is insufficient, and a pullback could start at any time. Chasing longs now is too risky, and the risk-reward ratio is completely not suitable. Priority should be given to setting up short positions at high levels.

Trading idea: Short around 1715-1720, target 1650-1630.
ETH2.18%
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QuantsAndCats
· 14h ago
Bollinger Bands are so compressed, it's really hard to break through, waiting for a pullback.
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OldKeys,NewWorld
· 14h ago
I went short at 1715 and it's been filled, hope there's no wick.
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GateUser-ffe7bee5
· 16h ago
The guys chasing longs at this level are real warriors. I'm a coward, I'll go short first.
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GateUser-276116e2
· 16h ago
The longer the high-level consolidation, the harder the crash. Ensure risk control.
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OrigamiVolcano
· 17h ago
The target of 1630 is a bit conservative; if it breaks below 1600, the downside space will be larger.
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