$ETH Market analysis + trading suggestions! On Monday, the U.S. stock market once again opened lower and then staged a strong rebound—this pattern has continued for more than a month. Can it keep moving up in a one-way trend? The overall uptrend is definitely unchanged, but judging from the RSI indicator, this rally is already unhealthy: on the 15m, 1h, and 4h timeframes, price is all in the overbought zone. Therefore, it needs to revert to the mean—only two approaches are available: sideways consolidation (a small-range chop) and a deep pullback. In this situation, remember: don’t chase the highs.

For trade levels, focus on short (sell) pressure around 2424 and 2439 above the key points. On smaller timeframes, 2415 and 2408 are also resistance levels. For a deep pullback downward, the levels to focus on for long positions are around 2344 and 2326. If there is a sideways adjustment, consider long positions on small timeframes near 2378 and 2326!