Today's Market Check Report July 3

Ethereum's recent price trend is strong, currently trading above all moving averages, with bullish forces prevailing in the short term. The market is in a phase of upward momentum. However, some indicators have shown overbought characteristics, and caution is needed for the possibility of short-term adjustments. In the short term, prices may continue to test resistance near the previous high of around 2680, but due to the overbought signs from RSI and KDJ, along with no significant increase in trading volume, there may be technical adjustment pressure in the short term.

Operational advice: Maintain a bullish perspective, buy on dips, and pay attention to whether the support area near the middle band of the Bollinger Bands and MA(30) can effectively pull back to the range of 2510-2550, which may be considered for long positions.

Short-term stop-loss point below 2500 at #ETH