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On the hourly level, Ethereum's trend is basically similar to Bitcoin, recently oscillating upward but short-term facing resistance around 3221. After this wave of rebound with a large bullish candle, the bullish momentum has significantly weakened. Additionally, on the one-hour chart, the KDJ indicator shows a death cross at high levels, and the MACD histogram indicates decreasing bullish momentum. My personal view for the day is not to continue chasing longs here; first, see if the 3100 level can hold. In trading, you can directly look for a pullback to enter a short position.
Currently, at around 3182, go short directly, targeting 3082, with a 40-point stop-loss as a defense. #BTC #ETH