On the morning of 7.16, the Ethereum K-line trend fluctuated significantly like a roller coaster, with intense competition between bulls and bears.
From the current trend observation, it is at a relatively high position, and the upper pressure pattern shows strong performance. A pullback and rebound at this position is in line with market logic. Therefore, it is recommended not to blindly chase long positions, as it is easy to fall into a trapped situation.
It is advised to set up short positions around 3130 and 3150, and to strictly implement defensive measures; the target is aimed at around 3000 and 2900.
