7.21 Evening ETH Market Thoughts

Current price is around 3804.99, the bullish trend continues but attention is needed on high-level fluctuations.

The price has been rebounding continuously from a low of 2930.99, MA7 and MA30 maintain a bullish arrangement, and the medium-term upward momentum is strong. However, as it approaches the previous high of 3838.00, selling pressure above is gradually emerging, and attention should be paid to the strength of the breakout.

The Bollinger Bands are opening upwards, and the price is running near the upper band. MA7 and MA30 are rising in sync, with bulls dominating in the short term; however, the price is at a relatively high level, and the middle band of the Bollinger Bands provides support, intensifying the bull-bear contest.

It is suggested to enter the range of 3780 - 3790, with a target of 3830 - 3850, and set a stop-loss below 3760.

It is suggested to enter the range of 3830 - 3840, with a target of 3790 - 3780, and set a stop-loss above 3850.

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