7.7 Ethereum Afternoon Thought Analysis

Currently, 2610 has become a key resistance level for Ethereum's upward price movement. Once reached, it will trigger concentrated sell-offs, leading to a price decline. The opening shows a bearish candle, with the price continuously constrained by the upper Bollinger Band, causing downward pressure. Although there were attempts to test a rebound during this period, the middle band support remains temporarily effective. Based on the trend analysis, the 2600 level is unlikely to be effectively broken and stabilized in the short term.

Operational suggestion to trade within the 2590-2600 range, aiming for a target of 2550-2500. $ETH