Currently, $ETH has seen a consecutive 5 bullish candlesticks, with prices climbing from 1966 to around 1991, showing a gentle rebound under low volatility. ⚠️ After a string of bullish candles, be wary of an overheated pullback; the 1993-1995 zone above presents resistance. It’s advisable to **not go long for now**, wait for a pullback confirmation.
**Short-term trading strategy:**
- **Consider taking a light short position**, entering in the 1990-1993 range, with a stop-loss at 1996 (if it breaks the previous high, exit), targeting 1980-1975.
- If the price retraces to around 1975 and shows signs of a bottoming pattern, then consider going short on a bounce, with a stop-loss below 1970.
📉 Currently in a low volatility state, the likelihood of consolidation is high, so enforce strict stop-losses to manage risk. Remember: after a winning streak, pullbacks are common; it’s better to miss out than to make a wrong move.
**Short-term trading strategy:**
- **Consider taking a light short position**, entering in the 1990-1993 range, with a stop-loss at 1996 (if it breaks the previous high, exit), targeting 1980-1975.
- If the price retraces to around 1975 and shows signs of a bottoming pattern, then consider going short on a bounce, with a stop-loss below 1970.
📉 Currently in a low volatility state, the likelihood of consolidation is high, so enforce strict stop-losses to manage risk. Remember: after a winning streak, pullbacks are common; it’s better to miss out than to make a wrong move.