ETH as officially recorded a new ATH, such as BTC a couple of weeks ago.
However, i would see this move as a trap to gather panic buyers which will then panic sell if ETH drop 5%.
In my opinion the MACD need to cool off before the real move can happen and i wouldn't enter a long at this price. We could see some kind of a flag forming and boring prices actions for the next weeks.
Of course, this is crypto and prices can always pop strongly but in my eyes it would be a gamble and i don't see it happening right now.
Stay cautious there and look around on another markets with better setup if you want to buy.
However, i would see this move as a trap to gather panic buyers which will then panic sell if ETH drop 5%.
In my opinion the MACD need to cool off before the real move can happen and i wouldn't enter a long at this price. We could see some kind of a flag forming and boring prices actions for the next weeks.
Of course, this is crypto and prices can always pop strongly but in my eyes it would be a gamble and i don't see it happening right now.
Stay cautious there and look around on another markets with better setup if you want to buy.