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$ETH Ethereum surged higher but met resistance and fell back; in the short term, it’s still choppy and oscillating within a range!
ETH is slightly stronger than BTC: earlier today it bounced from 1866 to 1888, pushed at 1890 but came under pressure and pulled back; current price is 1880.
Overall it remains range-bound: 1865 is support, and 1885-1890 is heavy resistance.
This rise is just following the lead of BTC; at 1890, a large amount of short-term funds took profit and exited.
Trading idea:
If the price fails to break above 1890 on the run-up, expect a short-term bearish move;
If it retraces to 1865-1870 and holds, you can go long to bet on a rebound.