Ethereum Outlook on the Evening of July 8
The evening performance of ETH is relatively strong, with bulls continuing to push upwards during the day. It has currently stabilized above the key support area of 2550, and after a slight short-term consolidation, it is expected to continue to oscillate upwards. The hourly level's consecutive bullish structure remains intact, indicating a clear intention for upward movement from the main players, and the market sentiment remains bullish.
Currently, the price is consolidating around 2565, and if there is a surge in volume for an upward attack, it is expected to challenge the previous high area.
Trading Suggestion:
Enter long positions if it stabilizes around 2560 on a pullback, with a short-term target of 2600-2630 and a stop loss set below 2530.
