Crypto Circle Academician: The 'Crazy Surge' of Ethereum on July 21: Is it Value Recovery or Capital Speculation? The Psychological Traps Behind the Surge? Latest Market Analysis and Reference Suggestions

　　The current price of Ethereum is 3795, and it is now 1 AM Beijing time. Before this article was published, Ethereum was still stretching, and the stretch beyond recognition is continuing. The TD has reached 13 turns. At this point, the stretch is no longer related to speculative funds. Remember earlier this year when Sun Yuchen increased his position in Ethereum and publicly discussed that Ethereum would break $10,000? At that time, the price of Ethereum had already fallen below the $2000 mark, and many people were mocking him. Now, at this moment, Ethereum has surged past 3800. What are your thoughts?

　　Before the article was published, the daily K-line recorded a maximum of 3825 and a minimum of 3575. In extreme overbought conditions, the market's fear and greed index has also reached a high level. The EMA trend indicator is pointing upwards and continuing to stretch, the MACD is continuously increasing, and the Bollinger Bands are opening upwards. The upper band has stretched past 3770, and the daily line is pushing against the Fibonacci retracement line at 100%, which is around 4110. The risk of a short-term correction has greatly increased. When the trading volume weakens, it is best for friends holding long positions to reduce their holdings at highs to lock in profits and wait for a correction to re-establish their positions.

　　The four-hour K-line is in a strong upward phase, with major indicators entering extreme overbought conditions. Do not chase after a rapid rise or fall; this is a principle and bottom line for trading. The reason is simple: risk outweighs reward. The MACD shows a top divergence stretch, and the high-level golden cross has broken through. The main force has increased its holdings and broken 3800, so long-position holders can reduce some of their positions. In the short term, pay attention to the resistance levels at 3825 and the pressure situation in the 3800 range. If there is a significant volume increase without breaking through, then consider high selling and low buying.

　　Short-term reference: Safety first. Remember that there is no certainty in the market, so always set stop-loss orders. Safety is the priority; small losses and large profits are the goal.

　　For the southern trial position, the range is 3850 to 3900, with a defense at 3950 and a stop-loss of 30 points, targeting 3800 to 3750. If broken, look towards 3700 to 3650.

　　For the northern trial position, the range is 3650 to 3610, with a defense at 3580 and a stop-loss of 30 points, targeting 3700 to 3750. If broken, look towards 3800 to 3850.

　　Specific operations should be based on real-time market data. For more information, please consult the author. There may be delays in article publication; suggestions are for reference only, and risks are borne by the reader. #ETH #ETH合约 #ETH走势分析 $ETH