7.21 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

Ethereum has also seen a rebound during the day, reaching a new high. The current price is close to the 3824 line, and short-term volatility is starting to weaken. It is important to pay attention to whether the 2800 level stabilizes on the daily chart. If this rebound does not break through and stabilize, there is a risk of a pullback in the daily gains. I hope all coin friends are prepared in advance.

Looking at the short-term hourly chart, a rebound occurred from the evening to the early morning, recovering yesterday's evening losses. The current trend is hovering near the upper track. The short-term upward momentum has temporarily weakened, but the Bollinger Bands are in an opening posture. In the short term, both bulls and bears are stalemated, but the trend is characterized by rapid rises and slow falls, with a phase of oscillating upward. The overall trend remains bullish, so we will primarily focus on buying on dips during the day, and follow up with more long positions when the market breaks out.

7.21 Short-term Reference for Ethereum:

Downward testing entry point: 3840-3880, stop loss 30, target 30-60 points,

Upward testing entry point: 3650-3705, stop loss 30 points, target above 3770,

There may be delays in sending articles. Strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to manage take profit and stop loss properly to secure profits. #ETH🔥🔥🔥🔥🔥🔥 #ETH #BTC #加密立法新纪元