7/30 ETH Market Analysis and Trading Suggestions:
Support Levels Below:
First Support: 3760 (Upper boundary of the short-term range) Previous pullback stagnation level
Second Support: 3685 (Previous platform top + moving average support)
Resistance Levels Above:
First Resistance: 3975-3940 (Current phase high point), a threshold for further bullish volume, historical near-high
Second Resistance: 4100 (Macro historical trapped area), historical highest trapped point
Trading Suggestions for ETH:
As previously reviewed, trying to short at high levels, mainly placing orders and waiting for news to explode. For traders executing intraday small trend trades, you can attempt to place short orders around 3850 with take profit set near 3735. Those planning to layout long cycles with the old vine can attempt to place high short orders near 3940 and 4080 (not placing at historical round numbers) to guard the big top.
