#稳定币监管风暴 7.21 Monday Market Overview: ETH Soars Unstoppably

ETH is moving in an ascending triangle, with both the top and bottom gradually rising, providing no opportunity to enter. Given the current market condition of ETH, those fearing a high should wait for a chance to buy on a pullback, or trading within a range is the most stable approach.

Ethereum is currently hesitating around 3756; if it can't break through, it will come down. Wait for Ethereum to pull back to the trend line and support around 3630 to enter long positions, with a stop loss at 3589 and targets at 3706 and 3751. Alternatively, if it breaks 3756, one can enter long at the golden 618 level, with a stop loss at 3695 and a target for a one-to-one take profit near 3890.

Looking at the chart, a bearish SFP pattern has appeared, predicting a drop point D at 3428; we can choose to wait for Ethereum to break the trend line and then short, targeting 3550 and near 3428. Conversely, if 3428 is reached, we can set up long positions with a stop loss at 338 and targets at 3577 and 3672.

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