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ETH
Still sticking to its own style: from yesterday to today’s morning, it synced with Bitcoin’s upward move. However, the earlier peak still hasn’t been broken. The short-term strength is there, but it lacks a breakout effect. In the near term, it’s not advisable to chase longs too aggressively.
Four-hour bullish-bearish back-and-forth with upward movement; pullbacks on smaller timeframes have limited depth, but the high points are gradually shifting lower. Going forward, if it cannot effectively break through 2465, the upside space will remain capped and cannot be opened; for today’s intraday short-term, first look for a pullback action.
Consider going short around the 2400-25 area, aiming for the 2350-2310 area $BTC $ETH