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$ETH Tuesday morning Ethereum analysis
The hourly chart is very clear: the price surged to the high of 1833 but couldn't hold, falling directly from the upper Bollinger Band.
The rebound after the previous sharp drop has now touched the resistance zone. After the surge, consecutive declines followed, with heavy selling pressure above.
The current price has fallen below the middle Bollinger Band, with clear resistance above.
Trading strategy: Short around 1820, target 1750-1720.