ETH spot price is around 1930. Following BTC’s bounce, the overall momentum is bullish, but in the short term price has already pushed near the resistance area—chasing higher is a considerable risk.

On the 4-hour timeframe, it surged up from around 1800 on the “One Belt One Road” theme, and quickly touched the strong resistance band of the previous highs at 1946–1953. There are many trapped positions at this level, so the difficulty for a one-time, direct breakout is high. On the 1-hour timeframe, after it climbed to 1953 it began to pull back, and the indicators have also turned downward—there is a need for a short-term pullback to build momentum.

In terms of execution, don’t blindly chase. Wait for the pullback to stabilize in the 1910–1915 range before going long for a safer entry. Place your stop-loss below 1895. Targets: 2000, 2070. Overall, the market is still following a long (bullish) rhythm—focus on buying the dip, keep position sizing under control, and be sure to use a stop-loss. $XAU ‌