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Ethereum Afternoon Analysis
Price surged to 2288 then stalled at high levels, followed by a long bearish candle pullback, with bullish momentum exhausted.
Pressured by Bollinger Band upper rail, KDJ overbought and turning down, moving average deviation excessive, strong need for technical correction.
Geopolitical risk-on sentiment cooling, US dollar strengthening, rate cut expectations postponed, risk assets under pressure. This rally has been substantial, with strong profit-taking intent from funds.
Operation: 2280–2310 Short
Target: 2200–2100$BTC $ETH