The recent surge in Ethereum has been the headline of the cryptocurrency circle, mainly due to the inflow of spot ETF funds and corporate buying. As the first company to use ETH as a strategic reserve, SBET has purchased nearly 50,000 ETH in the past five days, and its holdings have exceeded those of the Ethereum Foundation. Some of the pledges have earned 322 ETH. In addition, Ethereum will celebrate its 10th anniversary at the end of this month, so it is more or less moving in some expected emotional market conditions recently, at least to make the market pay attention to it.

From a technical analysis perspective, as of now, Ethereum has broken through 3480, and is now in the stage of short-term adjustment and adjustment. From the daily chart, there is obvious suppression around 3520 above. If this position is not broken on Friday, there will be a demand for a shock retracement on the daily chart. From a 4-hour analysis, the short-term support below continues to focus on around 3150, the short-term suppression above focuses on the 3520 line, and the long-term pressure focuses on around 3740. In terms of short-term thinking, bulls should not look too crazy for the time being. If you have recently entered the market above 3,300, you should stop when you see the profit. After all, the surge was caused by the entry of institutions, and there will definitely be some rapid declines and corrections. Therefore, short-term investors should run fast. If you have entered the market at a low position a few days ago, you can continue to hold the long-term thinking, because your position can withstand this temporary correction.

Zhou Yanling's 7.18 Ethereum operation strategy:

1. Long at 3300-3350, stop loss below 3250, target 3440-3480-3510, continue to break through to see around 3700

2. Short at 3500-3460, stop loss above 3550, target 3350-3300, continue to break down to see around 3160

Zhou Yanling's 7.18 Bitcoin operation strategy:

1. Long at 116000-116800, stop loss below 115000, target 119500-120500, continue to break up to see around 122000

2. Short at 120000-119000, stop loss above 121000, target around 116000, continue to break down to see around 114000

[The above analysis and strategy are for reference only Please bear the risk yourself. The review and release of the article may be delayed and the strategy may not be timely. The specific operation shall be based on Yanling’s real-time strategy.

The content of this article is exclusively shared by senior analyst Zhou Yanling $BTC $ETH