7.7 Morning Ethereum Market Analysis and Trading Suggestions The current Ethereum price is close to the middle track of the Bollinger Bands, with the bands narrowing, indicating a reduction in volatility and facing a choice of direction. The MACD histogram is shrinking, and the DIF is close to crossing below the DEA, indicating weakening bullish momentum; the KDJ's K value is near the overbought zone, and if it turns down, it may trigger a correction. There is significant resistance in the range of 2585-2600 above, and if it cannot break out with volume, the price may test the lower track at 2473 or even the previous low of 2400.

Trading suggestion: Aggressive traders can take a light short position at 2560-2585, with a stop-loss above 2600, targeting 2473-2400; conservative traders should wait for a break below 2473 before following in. Be cautious of sudden news or volatility caused by BTC correlation, strictly implement stop-losses, and pay attention to confirmation of higher cycle trends. The short-term bias is bearish, but flexibility is required to avoid counter-trend operations.