Here’s where the afternoon market stands: ETH is around 103.70, down 1.19% over the past 24 hours.

The intraday range is 101.25 to 105.13, with a trading volume of 110 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 105.13 this afternoon, it would show that the bulls still have some fight left. On the other hand, if price retests 101.25 and fails to hold, this move may be coming to an end. For futures traders, the biggest mistake right now is betting heavily on a direction—you could easily get wiped out by a sudden move.

Are you staying on the sidelines this afternoon, or taking a short-term trade?

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