ETH hourly timeframe is in a high-level consolidation pattern. The market already shows warning signs: price is rising on shrinking volume, MACD shows a top divergence, and although the price has made a new high, the bullish momentum has not kept pace.
Current price around 2368 is under pressure, and there is a risk of a pullback to digest. As long as there is no effective break below 2305, the hourly bullish structure remains intact. If it breaks 2305 on increased volume and fails, the short-term trend will weaken, and the price may further decline to 2250 to seek support.
ETH reference: short 2345, target 2315, stop loss 30 points #BTC #eth
Current price around 2368 is under pressure, and there is a risk of a pullback to digest. As long as there is no effective break below 2305, the hourly bullish structure remains intact. If it breaks 2305 on increased volume and fails, the short-term trend will weaken, and the price may further decline to 2250 to seek support.
ETH reference: short 2345, target 2315, stop loss 30 points #BTC #eth
