ETH's recent price action is really bizarre. Even though the technical indicators already show weakness, the price just stubbornly refuses to drop.

To all the brothers who are shorting, keep your cool! The current level is already quite high, and there's not much chance of it pushing much higher. Don't forget there are heavy bags of trapped positions above—at these highs, there will inevitably be repeated swings to digest the supply.

My take is: in the short term, it'll keep fluctuating within this range. Once enough choppy action has shaken out weak hands, the downtrend will naturally be established. Patience is victory.