July 29 Ethereum (ETH) Contract Technical Analysis: Today, in terms of the larger cycle, the daily line level closed with a small bearish candle yesterday. The candlestick pattern shows consecutive bullish candles followed by one bearish one, with prices at a high level. However, the auxiliary indicators currently show signs of a convergence dead cross between the fast and slow lines. Overall, the price has not shown a continuation trend in either upward or downward directions, remaining in a fluctuating range. Yesterday, it even broke the high point, which creates a contradiction. Therefore, currently, both bulls and bears should not be overly optimistic; one should just follow the rhythm of the trend. In the short cycle, the hourly chart showed a decline during the European and American session yesterday, with a morning correction and current support rebounding. The candlestick pattern shows consecutive bullish candles, while the auxiliary indicators indicate a dead cross. The price remains within a range, with a downward trend on the hourly chart, but the four-hour chart shows clear resistance. The defensive position is also not favorable for layout, so it's also necessary to wait for the European session or for the trend to give a clear signal before making any arrangements. #ETH走势分析 $ETH