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$BTC This run-up on ETH has been pretty intense—going from over $1,500 in June to over $1,900 now
Right now on the 4-hour timeframe it’s riding along the upper Bollinger Band. The bulls are still strong, but it’s also about to hit the upper band pressure level. Simply put, the bigger direction is still up, but don’t chase at these levels in the short term—it most likely needs a pullback to catch its breath
Trading idea: short in the 1935-1950 range, with targets at 1860-1840