Ethereum has finally revealed itself this time.
Last night, the market rhythm was very obvious:
BTC was smashed down to 91600;
ETH only retraced slightly to 3030, and the bulls resisted the drop absurdly.
By midnight, as soon as the rebound started, the big coin surged to 94200,
Ethereum was even more exaggerated, directly moving into a small uptrend, reaching 3216.
However, the big coin's rebound momentum is clearly peaking and is under pressure to fall again.
The 4-hour chart has given a very straightforward signal:
Long upper shadow → Bulls lack strength → Rebound ends.
The hourly Bollinger Bands are starting to narrow downwards, and the bearish volume is increasing.
MACD death cross is pressing down all the way, and the top divergence has been confirmed,
The short-term direction is very clear: strong shift to bearish.
Morning strategy should not hesitate; following the trend to short is the most stable.
BTC: 93500 short → target 91500
ETH: 3220 short → target 3100
The market has clearly given the direction,
Now it's just about execution.
