After the market bottomed out around 1751, it staged a strong reversal and rallied higher. It surged to a stage high near 1895, and is currently experiencing a minor pullback and consolidation around 1887. The Bollinger Bands have opened sharply upward; the middle band continues to move higher and supports the price. Overall, the uptrend remains extremely strong. After the rally into the highs, there was only a brief pause, with no signs of a breakdown or weakening.

### Short-term outlook:

After the pullback stabilizes near the Bollinger middle band around 1835, you can look for a rebound. The first target is the prior high near 1895; after a breakout, watch for the price to move toward the Bollinger upper band around 1925. If the pullback does not break the middle band, the upward momentum will continue.

If the rebound rallies toward the area near the Bollinger upper band around 1925, the advance may slow and the candles form a stalling pattern—then you can look for a pullback. Watch the supports around 1890 and 1835. #ETH