Buy the rebound from 1930–1946 in batches, take profit stops above 1955, cut the position by half around 1900, and leave the rest to watch 1865–1885.

ETH is standing above 1900 for the first time in 43 days, but after rallying to 1946 it quickly pulled back. A high-level move with big-volume red bars—an overbought signal is clear; chasing the rally is just taking the bag.

Resistance above: 1930–1946. 1946 is the intraday overbought high; 1965–2015 is the long-term consolidation range from February, with heavy selling pressure from trapped positions.

Downside targets: 1898–1905 for the first stop. If it breaks down, look at 1865–1885; if it breaks again, then 1825–1855.

① On the 1-hour chart, after topping at 1946 it turned, the price fell below the upper Bollinger Band at 1949, and the KDJ at high levels crossed down and rolled over—bullish momentum is clearly exhausting. This fits a profit-taking pullback after a high-volume spike.

② The probability of a Fed rate hike in July dropped sharply from 40% to 10–13%. PPI and CPI have been consecutively below expectations—good news is basically already exhausted, and in the short term there’s a lack of new catalysts to push further upside.

③ The Ethereum spot ETF had a net outflow of $43 million yesterday, ending several straight days of net inflows. Institutions have started cashing out at high levels. A “mighty whale” withdrew 30k ETH from Coinbase Prime—big players are accumulating, but near-term sell pressure is also not small.

Trading isn’t gambling on news; it’s standing opposite the majority when sentiment is hottest. $ETH ‌