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ETH surged strongly early this morning, directly reaching the 2273 level, but it didn't last more than three seconds and quickly came under pressure and pulled back.
This kind of rally is not a normal structural advance; frankly, it was driven by news about the US-Iran conflict, a sentiment-driven move, and its sustainability is questionable.
On the four-hour chart, the battle between bulls and bears is quite intense. Although the short-term bulls are slightly in the lead, there has been no substantial breakout, and the high level clearly shows signs of being "high and cold."
Therefore, my clear view is: do not chase longs at high levels.
Intraday trading idea: consider shorting in stages within the 2245-2270 range, targeting the 2160-2100 zone. Manage your positions carefully, stay defensive, and leave the rest to the market. #加密市场行情震荡