$ETH July 17th Review & Market
This surge was too strong; I thought 3300 would take a breather, but it directly rushed to the doorstep of 3500.
From the 30min to 1H structure, a clear 'bearish consecutive liquidation + bullish follow-up position increase' pattern has emerged, and there hasn't been significant selling pressure at high levels for now.
If it stabilizes around 3500–3550, then the upper range of 4000–4200 will become a typical liquidity magnet area—major players only need to spark a little emotion, and FOMO will take over.
Looking back at this rise, the actual accumulation area for major players was between 2000–2600. The multi-cycle structure and momentum have already been built there. Therefore, anything above 4000 in the future is a selling area, not a starting point.
Today's key strategy:
Safe entry point for bulls: 3200–3250 (support + OB + structural support combined), can be taken if it breaks down and confirms stability on a rebound;
Yesterday didn't provide a pullback opportunity. I wonder if everyone has boarded the ride?
This surge was too strong; I thought 3300 would take a breather, but it directly rushed to the doorstep of 3500.
From the 30min to 1H structure, a clear 'bearish consecutive liquidation + bullish follow-up position increase' pattern has emerged, and there hasn't been significant selling pressure at high levels for now.
If it stabilizes around 3500–3550, then the upper range of 4000–4200 will become a typical liquidity magnet area—major players only need to spark a little emotion, and FOMO will take over.
Looking back at this rise, the actual accumulation area for major players was between 2000–2600. The multi-cycle structure and momentum have already been built there. Therefore, anything above 4000 in the future is a selling area, not a starting point.
Today's key strategy:
Safe entry point for bulls: 3200–3250 (support + OB + structural support combined), can be taken if it breaks down and confirms stability on a rebound;
Yesterday didn't provide a pullback opportunity. I wonder if everyone has boarded the ride?
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