7.6 Cryptocurrency Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference

Ethereum was unable to break through the 2550 level yesterday, and the price began to pull back as expected, retreating to around 2480 without breaking. The current price has rebounded again and is running near the 2500 level, with the overall trend still maintaining a consolidation phase. There hasn't been much change in the short-term trend, and a fluctuating market is expected to continue for a while. The operation strategy should focus on short selling at high points and buying at low points. The overall direction for Ethereum still maintains an upward trend, and there is a possibility of further upward movement after breaking key levels.

From the perspective of the short-term 4-hour chart, the Bollinger Bands are slightly open, with four consecutive bearish candles. On the 4-hour level: the recent price has retreated from a high of 2635.5 to around 2502, forming a descending channel. The 2512-2529 range has been tested multiple times without breaking, indicating strong selling pressure above. On the daily level: after the long upper shadow on July 3 (2635.5), there have been three consecutive days of bearish closes, confirming a short-term top structure. ACD: The 4-hour DIF (3.46) has crossed below the DEA (11.57), and the histogram has turned negative (-16.21). The daily MACD (23.56) is shrinking, indicating a decline in momentum. MA: The 4-hour price has fallen below EMA7 (2511.80) and EMA30 (2511.03), while the daily EMA7 (2503.61) and EMA30 (2482.45) have formed a death cross. Overall, the trend appears relatively weak, with a key focus on the support level at 2450. A valid break below this level could pose further downside risk, and it is suggested to primarily focus on short selling during rebounds.

7.6 Ethereum Short-Term Reference:

Downside entry point 2570-2525, stop-loss at 2750, stop-loss: 50, target below 2500,

Upside entry point 2385-2435, stop-loss at 30 points, target above 2480,

The article is sent with a delay, and the strategy suggestions are for reference only. Market conditions change rapidly, regardless of how accurate the market judgment may be, always set take profit and stop loss to secure your gains. #大而美法案 #ETH #BTC #ETH🔥🔥🔥🔥🔥🔥 #美国加征关税