In the afternoon market, when it reaches this point, ETH is hovering around 1.3867, up 1.93% over the past 24 hours.

The intraday range is from 1.3325 to 1.3887, with trading volume of 124 million USDT. Right now, neither bulls nor bears are making any big moves—they’re both waiting for a signal.

If the afternoon can break through 1.3887 with increased volume, it would suggest the bulls still have some ideas; but if it retraces to 1.3325 and can’t hold, this move may be coming to an end. For friends trading contracts, what you should most avoid at times like this is going all-in and betting on direction—one candle can easily sweep you away.

In the afternoon, will you stay in cash and watch, or take a quick trade to try something short-term?

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