First, let me state the conclusion: as long as the 1-hour level is supported at the 20-day moving average and breaks above 2200 with volume, we can target 2250! It is currently 22:08, and I believe there is a high probability of a surge followed by a pullback. The chances of a quick rise to around 2195-2210 and then a fall back are quite high.


Current situation: overbought, overbought, overbought! There are only two possible scenarios: one is sideways consolidation to repair the indicators, or a pullback to the midline near 2135-2150. Regardless of which, if you are currently in cash, stay in cash. Don't foolishly chase the rally. Going short won't bring much profit either, and the risk is too high. $ETH
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