7.11 Ethereum (ETH) Market Analysis Reference
Ethereum has broken the 2800 level as expected, currently approaching the 2840 position under pressure and showing a pullback. This indicates that there is still resistance above, and it is not advisable for everyone to blindly chase long positions before breaking through the previous high of 2880, to prevent being under pressure again and facing high-position trapped orders. The short-term market remains blocked and is consolidating at a high level, with the price currently operating around 2810. However, the overall upward trend remains unchanged, and we will wait for a pullback to reach support before considering entering long positions.
Currently, Ethereum's trend is good, and low-position spot long positions can continue to be held. The short-term price is also continuously testing upward, so we should try to maintain operations in line with the trend. The current price level is too high, so we can prudently wait for a pullback to re-enter the market. The support below is around 2730, followed by the 2750 level.
7.11 Ethereum Short-term Reference:
Lower test entry point 2850-2905, defense at 3080, stop loss: 50, target below 2800,
Upper test entry point 2755-2705, stop loss 30 points, target above 2805,
The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, no matter how high the judgment and grasp of the market are, stop-loss and take-profit must be well managed, securing profits is the priority.
