Crypto Circle Scholar: The Mystery of Ethereum's High-Position Consolidation on July 31, Is It Distribution or Wash Trading? Latest Market Analysis and Reference Suggestions Explanation

Ethereum's current price is 3800. The tenth anniversary of Ethereum has passed quietly, with fluctuations of less than one hundred points; the highest point was 3832 and the lowest was 3742. The risk of operational space exceeds the profit because the market has returned to the 3800 horizontal range. The EMA15 trend support line has risen to 3615 and continues to move upward. The mid-term support level has reached 3333. The MACD volume has ended and started to shrink, while the DIF and DEA have formed a dead cross at a high level, indicating bearish momentum in the short term. The upper Bollinger Band has risen from yesterday's 4140 to today's 4155, and the middle band has been lifted to 3515.

The four-hour candlestick chart showed high pressure at 3940, resulting in a high-level intraday consolidation. This state will likely be maintained in the short term, but it is important to note that the bullish trend has not changed. Judging from the current price level, the principle is to be bullish without chasing. Wait for a pullback to support before entering the market, focusing on the first support at 3700, which is the EMA60 trend line position. The MACD has been continuously shrinking, with the DIF and DEA coming above the zero axis early. As long as the price does not break below the lower Bollinger Band at 3735, the market will not enter bearish territory and will still rebound. The larger trend is bullish, while the short-term trend is flat. Wait for a return and breakout before acting.

Short-term Reference: Safety First, remember that the market is never 100% certain, so always set stop losses. Safety first; small losses and large gains are the goal.

Southbound trial entry point: 3880 to 3930, with a defense at 3970, stop loss at 50 points, target looking at 3830 to 3780, and breaking below looking at 3750 to 3720.

Northbound trial entry point: 3730 to 3700, with a defense at 3680, stop loss at 30 points, target looking at 3750 to 3790, and breaking below looking at 3820 to 3850.

Specific operations are based on real-time market data. For more information, you can consult the author. There may be delays in article publication, and suggestions are for reference only. Risk is borne by the reader. $ETH #ETH合约 #ETH走势分析