Ethereum's recent price action has caught many sidelined traders off guard. Surging violently from the lows, it climbed all the way to a peak of 2549.34, delivering a massive move of nearly 700 points in just a few days. Daily candles have printed consecutive bullish closes, fully igniting bullish sentiment. However, as prices reach higher levels, risks quietly emerge. After hitting the 2549 high, the MACD histogram has been steadily contracting, signaling waning bullish momentum and a transition into high-level consolidation. The pace of the uptrend has slowed, with heavy resistance overhead—this is no longer a phase where buyers can blindly buy and expect easy profits.

Recommendation: Short near the current price of 2450-2470, with targets around 2410-2390.

Bitcoin's bull run has been nothing short of spectacular, ripping higher from the lows with three consecutive bullish daily candles that pushed sentiment to the extreme. But after reaching elevated levels, upward momentum has clearly stalled. Repeated attempts to break higher have all met resistance: the first high at 79603, a second rebound peak at 78819, and a third bounce to 78054—each high printing lower than the last. On the 1-hour chart, a textbook descending trendline is now capping price action, with the market settling into a high-level converging range. On the daily chart, the strong bullish candle has been followed by a long upper wick, and price has stretched far above the medium- and long-term moving averages. While the broader uptrend remains intact, upside momentum is clearly exhausted. The long upper wick at the highs signals heavy selling pressure overhead, and the market is ripe for a sharp pullback and shakeout. Chasing longs blindly at this stage is absolutely not an option.

Recommendation: Short near the current price of 77500-78000, with targets around 76500-76100.

Market conditions change rapidly; these strategies are for reference only. Always use stop-loss and take-profit orders.