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At the hourly level, Ethereum has been fluctuating higher along the way, rising; after topping out at the 1952 high, momentum weakened and the price pulled back. It is currently consolidating in a high range.
The upside is clearly facing resistance at the recent highs. For the short term, prioritize bearing pressure and pulling back; only consider going long again after the drop reaches the lower support zone. Operate with strict stop-losses and small position sizes throughout.
‼️ The above is for technical chart reference only and does not constitute any investment advice. Virtual currency trading is highly volatile and carries extremely high risk. Please manage your position size yourself and trade cautiously.