Guys, this afternoon’s ETH moved up to chase higher but then pulled back—an oscillating digestion of the move! In the early session, it peaked around 1896 and then met resistance, turning back down. It’s now quoted near 1871; the intraday gain has narrowed to about 4.8%. Net inflows of funds are 383 million USD, and profit-taking by those who chased the price after the breakout has started to realize. Volume is also clearly lower than during the earlier push higher.

On the 1-hour timeframe, the bullish structure hasn’t broken yet, but the KDJ has already turned down from the high. On the 15-minute timeframe, the pullback is even more obvious. In the short term, there’s a need to correct overbought conditions. A direct push through the 1900 whole-number level lacks momentum, so odds are it will first consolidate in a range.

The key overhead resistance is still the 1900 level. Only by holding and breaking through can it open up further upside room. On the downside, first watch 1830 support; 1800 is the line dividing strength and weakness. If it holds and the rebound rhythm remains intact, then it’s still in play. If it breaks, it will likely return to range-bound oscillation.

For trading: sell in batches on rebounds from 1885 to 1895, targeting 1840 to 1830;

buy on pullbacks once 1830 to 1820 shows stabilization, targeting 1880.

Volatility is fast—don’t blindly chase highs. Manage risk and set a stop-loss when entering. $ETH ‌