Ethereum (ETH) Intraday Chart Analysis: High-Level Consolidation, Pressure Focused on 2200



This morning, Ethereum showed another rapid surge in price action, with prices shooting straight up and touching a high of $2,149, followed by a quick pullback to $2,109, currently trading above $2,100. This unexpected sharp rally appears to show strengthening signs, but caution is warranted regarding the suppressive effect of the previous high of $2,200 resistance level.

In the short to medium term, moving averages are in bullish alignment, providing some support to price, but long-term moving averages remain in bearish alignment, with the medium-term bearish logic unchanged. After the MACD indicator crossed above the zero line below, it is diverging upward, with bullish momentum currently dominating, but the risk of overbought conditions at high levels warrants caution.

On Tuesday midday, it is recommended to short Ethereum at 2120-2140, targeting the 2050-2000 zone.
$BTC #加密市场上涨 $ETH
BTC3.12%
ETH4.37%
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