On the hourly chart, ETH rose to the 4434 level and started to pull back, with significant selling pressure above. The upper band of the Bollinger Bands is providing resistance, and a quick short position can be taken.

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🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
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1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your

🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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🎁 4 winners split $100 Futures Voucher!

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Show your limitless creativity with Gate Blue!
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August 11 – 20, 2025
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