$ETH Ethereum surged to around 2394 then slightly pulled back, currently trading near 2387. After a volume-driven rally on the 1-hour chart, it entered a high-level consolidation, with bullish momentum slowing down.


Resistance above is concentrated in the 2395-2400 range, with strong resistance at the previous high of 2422; support below is first seen at around 2370, and if broken, then near 2360.
On the 4-hour chart, the MACD shows a bullish crossover upward, and the price is above the multi-timeframe moving averages, indicating the overall rebound trend is still ongoing. However, the 1-hour RSI has entered the overbought zone, suggesting a short-term pullback may be needed.
In terms of trading strategy, focus on shorting at high levels and going long on dips that hold support. Be cautious about chasing longs at high levels.
ETH-0,66%
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