Ethereum (ETH) Intraday Price Analysis: High-Level Fluctuations, Pressure Focused on 2200

This morning, Ethereum experienced a rapid surge again, with prices shooting up sharply and reaching a high of $2149, followed by a quick pullback to $2109, currently trading above $2100. This unexpected strong rally appears to show signs of strength, but we must be vigilant against the suppressive effect of the previous resistance level at $2200.

In the short to medium term, the moving averages are in a bullish alignment, providing some support for prices, but the long-term moving averages remain in a bearish arrangement, with the medium-term bearish logic unchanged. The MACD indicator has formed a golden cross below the zero line and is diverging upward, with bullish momentum temporarily taking the lead, but we must be cautious of overbought risk at higher levels.

On Tuesday afternoon, it is advised to short Ethereum at 2120-2140, with targets looking at the 2050-2000 region.
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