The ETH four-hour chart shows a clear bearish signal.
The breakout of the ETH four-hour chart from the consolidation range is purely a trap for bears! The golden cross of moving averages and insufficient volume are just a feint; the upward momentum is running out. The candlestick pattern harbors risks of a pullback, and the bulls are at their last gasp. It is prudent to position short at highs, as chasing longs will lead to being harvested!
You can consider shorting around 2990 and 3090, with a target of 2870. If it breaks down, continue to look down to 2800.
