Ether is rebounding from the 2-day moving average. The 2-day MACD is still returning to zero, while the 1-day MACD is below zero and about to form a golden cross. If the 1-day MACD crosses above zero, the 2-day rebound will take effect, and a 2-day rebound will likely lead to new highs.
Currently, the 1-day and 2-day MA30 resistance levels are present, suggesting a short-term pullback.
However, if the hourly chart continues to fluctuate within a narrow range at a high level, and the price continues to surge, consider shorting with long positions. #ETHTrendAnalysis