Evening Ethereum Analysis on July 14

From the technical perspective of the 4-hour chart, the signals present a complex situation: the Bollinger Bands are expanding upwards, indicating that bullish forces are in control, and the price has the momentum to continue rising. In the short term, the price fluctuation space is further opened, and market volatility is expected to increase. However, the MACD indicator shows a bearish crossover trend at high levels, with bullish momentum gradually weakening, and a preliminary form of a top divergence is beginning to appear, suggesting that the bullish forces may weaken, leading to a price correction. Overall, it is recommended to adopt a strategy of high short and low long.

When the price retraces to the 2970 - 2990 range, consider entering long, setting a stop-loss level of 50 points, meaning if the price drops to 2920 - 2940, then exit to cut losses, with a target price of 3120.

Attempt to short with a light position in the 3070 - 3090 range, also setting a stop-loss level of 50 points, if the price rises to 3120 - 3140 then stop-loss, with a target price of 2950. #ETH突破3000 $ETH