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$ETH ETH is currently around 2243 USDT. Do you think we should keep grinding higher, or is it about time for a pullback?
If I had to give a conclusion, I would lean more towards: it looks like a high-level divergence, not suitable for continued long chasing.
Here's my main perspective:
First, the continuation after a surge is generally weak, and chasing long positions could land you in an awkward spot.
Second, the order book shows some signs of stagnation, continuing to chase hard isn't worth it.
To add one more point, a waterfall pattern should quickly make new lows; if it doesn't fall fast, it's not a strong waterfall.
Suggested entry price: 2261 USDT
Keep an eye on this take-profit level: 2126 USDT
Stop-loss reference: 2315 USDT
But the biggest risk at this level is a sharp drop followed by an immediate rebound.
If you were trading here, would you buy first and watch a bit longer, or just stay away altogether?