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

Yesterday, after Ethereum's price tested the 2500 level, it experienced a strong rebound from evening to early morning, with the price continuing to rise throughout the night. The market broke back above the 2600 area, and overall bullish sentiment has improved. The current price is trading around 2595, having touched a high of 2605 where it faced resistance. This indicates that although the market is moving upward, there is still some pressure above the 2600 level, and it is not advisable to blindly chase after the price before it breaks through.

On the short-term hourly chart, the market has returned to the upper middle band. Currently, it has bounced back after touching the 2500 level, but there is insufficient bullish supply, and short-term signals suggest a potential correction. Therefore, it is not advisable to blindly chase after the price; a steady approach with a correction to go long carries lower risk. The support level to watch below is the 2500 level.

7.7 Ethereum Short-term Reference:

Lower entry point 2605-2655, defend 2780, stop loss: 50, target below 2570,

Upper entry point 2485-2525, stop loss 30 points, target above 2560,

There may be delays in article transmission, strategy suggestions are for reference only, market conditions change rapidly, no matter how confident you are in market judgment, always manage your take profit and stop loss to secure your gains. #马斯克计划成立美国党 #BTC #ETH #ETH🔥🔥🔥🔥🔥🔥 #现货与合约策略