$ETH

7.21 Ethereum Evening Thought Analysis

Ethereum has continuously broken through with bullish candles, and there has been no significant pullback on the daily level, indicating a sustained inflow of bullish funds, with the short-term trend still dominated by buyers.
- Key Resistance Level: $4000 is a psychological barrier, but be aware that there may be some profit-taking pressure in the 3900-3950 range (such as derivatives hedging or institutional profit-taking).
- Support Levels: 3770 (short-term), 3680 (trend watershed), if the pullback does not break 3680, then the upward channel remains valid.

- During Bitcoin's sideways period, funds may flow into Ethereum and altcoins (especially if the ETH/BTC exchange rate strengthens), reflecting an increase in market risk appetite. It is necessary to pay attention to whether Bitcoin experiences sudden fluctuations (a blood-sucking market could trigger an ETH pullback).
Operational Advice: A light short position can be taken between 3830-3850, but strict stop-loss is required (3920); a more cautious strategy is to wait for a pressure signal above 3900 or to enter after the risk in the U.S. stock market is released. If the 3680 support holds firm, the trend remains bullish, and the cost-effectiveness of going long during a pullback is higher.

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