ETH spent the afternoon grinding above 1900.

The 24-hour high is 1916, the low is 1854, and it’s now at 1910.

Everyone says RSI 80.9 should pull back.

RSI is indeed in the overbought zone.

But the MACD is above the zero line, with bullish alignment.

MA5 at 1902 is above MA20 at 1886.

MA20 is also above MA50 at 1884.

Price is pressing against the Bollinger upper band at 1910.

Volume ratio is 0.0, and trading value is 350 million.

Many people watch RSI, but the volume ratio of 0.0 is the key.

Price rises on shrinking volume—no one chases, and no one sells it down.

So the price just hangs around 1910.

My bias is moderately bullish.

But don’t chase.

Wait for a pullback and for 1886 to stabilize before entering.

That’s the MA20 and the Bollinger middle band.

Stop loss below 1854.

That’s today’s low.

Target around the prior high near 1923 to take partial profits.

Unless it breaks through 1916 with volume, I won’t chase.

This is my own plan. If I lose, that’s on me—I’m not advising you to follow.

Last time, I chased long at 1916, and right after entering it fell like a waterfall.

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