🧠 ETH Afternoon Market Thoughts – July 23

$ETH

is currently hovering around $3679, with shorts leading the decline and eyes on crucial support zones.

📉 After rebounding from $2930, ETH faced rejection below the key resistance at $3857. The MA7 has turned downward, signaling a weakening bullish structure.

📊 Bollinger Bands expanding downward, with price slipping below the midline.

• MA7 < MA30

• MACD still printing green bars → bearish momentum remains strong.

• Watching support at $3662 (lower band) and resistance at $3758 (upper band).

🔁 Trade Ideas:

🔹 Short Entry: $3700–$3720 (resistance zone)

🎯 Target: $3660–$3650

🛡 SL: Above $3730

🔹 Long Entry: $3660–$3670 (if stabilized)

🎯 Target: $3690–$3700

🛡 SL: Below $3650

Stay sharp and manage risk 🔒

#ETH #BİNANCE