Here’s where the market stands this afternoon: ETH is around 106.26, up 4.05% over 24 hours.

The intraday range is 100.91 to 106.66, with a trading volume of 216 million USDT. Neither bulls nor bears are making any big moves right now; both sides are waiting for a signal.

If volume picks up and price breaks above 106.66 this afternoon, it would suggest the bulls still have some fight left. On the other hand, if price retests 100.91 and fails to hold, this rally may be nearing its end. For futures traders, the biggest mistake right now would be betting heavily on one direction—you could easily get wiped out by a sudden move.

Are you sitting on the sidelines this afternoon, or going for a short-term trade?

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