ETH 1-hour chart saw a violent rally, so should you buy now or take profits?



It went directly from 2021 to 2197, and is now pulling back and consolidating around 2128. Let's discuss the technicals and trading strategy.

Don't chase the highs right now! Wait for a pullback to the 2100-2120 zone. If EMA30 holds and MACD doesn't bearish diverge, then add a small long position with stop loss below 2090, targeting 2180-2200.

Resistance levels: 2150 (minor resistance) → 2197 (previous high, break through and we're looking at 2200+ move)

Support levels: 2120 (bulls/bears divide, break below and we look at 2097-2050) → 2021 (start of this rally, break below means trend reversal)

This rally was too aggressive, so we're now in a "profit-taking + accumulation" phase—short-term consolidation is inevitable. As long as 2097 support holds, the medium-term outlook remains bullish. If it breaks below 2050, we'll see a deeper pullback.
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