#ETH In my last post, I was bullish on ETH. I expected a pullback to 2433–2450, but the market didn’t give us the chance. It only dipped to 2470, and now we’ve got a big bullish candle on the hourly chart. There’s still some way to go before the 200 MA. Will it keep moving up on increasing volume, or pull back to 2510? Personally, I’m leaning toward a pullback. As long as 2500 holds, I’ll remain bullish. You could enter a small position at 2510, with a stop-loss at 2490. This is a short-term trade. Take two-thirds off at the first target of 2570, and the rest at 2600.
You could consider a short at 2570–2580, with a stop-loss at 2588.