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January 6 $ETH Silk Road
From the 1-hour chart, after the price surged to 3266, it couldn't go higher and is now clearly starting to pull back. On the technical side, it's more evident that MACD has formed a death cross, the green histogram is still below zero, trading volume is also shrinking, and the RSI indicator has long entered the overbought zone. A technical correction is definitely needed.
You can consider shorting on rallies within the 3235-3260 range,
with initial targets at 3150-3100. $ETH