7.29 Ethereum (ETH) Market Analysis Reference

Although Ethereum's trend continues to rise, it has not stabilized at the 3900 level. After reaching a new high, the price has pulled back, touching around 3750 at the low in the early morning, thereby giving back all the gains from yesterday. Therefore, it is not advisable to blindly chase long positions during the day, and caution is advised as the price may face downward pressure again.

From the short-term 4-hour chart, the Bollinger Bands are in a contracting state, with the price running in the middle band support area. The decline near the middle band support has temporarily eased, but the short-term trend remains weak. If the rebound does not stabilize above 3800, and the short-term support at 3750 is broken, there is a possibility of continued downward testing in the short term. Please be prepared in advance. The short-term trend is expected to maintain a range-bound consolidation, so our strategy is to short at high points and long at low points, focusing on the range of 3680-3920.

7.29 Ethereum Short-term Reference:

Downward Testing Entry Point: Short above 3920, Stop Loss 30, Target 30-60 points,

Upward Testing Entry Point: Long below 3700, Stop Loss 30 points, Target above 3750,

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, regardless of how accurate your market judgment is, be sure to set stop-loss and take-profit levels to secure your gains. #币安HODLer空投TREE #BTC #ETH #BNB创新高