Crypto Circle Academician: Is the main force quietly offloading behind the surge of Ethereum on July 22? Latest market analysis and trading strategy interpretation

The current price of Ethereum is 3780. It is now 1:30 AM Beijing time. Yesterday, it was mentioned that Ethereum is no longer closely related to speculative capital, and right after the update, some fans went long at 3800 but got swept out. There were also traders who went short at 3750 in the morning, unable to remember the lesson, and were swept out after the main force pushed the price above 3850. Now, just before this publication, the market has returned to the entry point. At this time, whether going short or long, there is emotion involved. When we trade, we must clearly think about whether it is the rules that make us act this way or emotions. If it’s emotions, then it’s better to skip the trade altogether.

Before publication, Ethereum reached a high of 3857 and a low of 3700. After the EMA15 broke the golden ratio line at 0.618, the EMA30 mid-line trend also approached 618. Such an extreme overbought market with a bullish trend is rare, especially since this kind of continuous one-sided upward trend was only seen in 2021. The MACD has continuously expanded without showing top divergence, and the Bollinger bands have already broken above 3860. Those looking to enter should wait for a pullback to around 3550 before going long; otherwise, it’s better to observe and protect the chips in hand to survive.

The four-hour candlestick chart shows that the upward trend has not yet ended. The EMA trend indicators are all stretching upward, and the gap between fast and slow lines indicates that volatility is increasing. The MACD is alternating in expansion, with DIF and DEA remaining high. The four-hour top divergence is quite exaggerated, and the Bollinger bands are showing strong expansion. Pay attention to the resistance level at 3875 and the support level at 3670. In the short term, the main force is expected not to continue pushing upward but to release pressure sideways at high levels before continuing to rise. Traders looking to enter can consider buying on dips.

Short-term reference: Safety first. Remember that the market is not 100% certain, so always set a stop-loss. The goal is to have small losses and large profits.

For going short, entry point is between 3910 and 3950, with a stop-loss at 4000, risking 50 points, targeting between 3850 and 3800, and breaking below 3750.

For going long, entry point is between 3700 and 3650, with a stop-loss at 2600, risking 50 points, targeting between 3750 and 3800, and breaking above 3850 to 3900.

This suggestion is for reference only, and the risk is borne by the individual. $ETH #ETH合约 #ETH走势分析