7.22 Crypto Mr. Coin: Ethereum (ETH) Market Analysis Reference

The Ethereum market has broken out and is moving upwards, continuing the previous gains, with resistance at around 3860. Subsequently, the market experienced a sharp drop, breaking below the 3800 support level, and has now retraced to around 3720. The current price is near 3730, and the trend is in a correction phase entering a consolidation stage. However, due to the recent strong price fluctuations, Mr. Coin advises all crypto friends to seize profits in a timely manner to avoid unnecessary losses.

On the short-term hourly chart, the Bollinger Bands are gradually narrowing as the intraday trend smooths out, with both bulls and bears taking turns to exert strength. Currently, there are no obvious breakout signs, and it is expected that the sideways market will continue for some time. The strategy is to think high for shorts and low for longs. The support level to watch is around 3670; if there is an opportunity, consider entering long positions. The resistance level to focus on is around 3820; it’s safer to wait until close to the support level or until a breakout stabilizes before considering long positions to capture short-term profits.

7.22 Ethereum Short-term Reference:

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

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

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment and grasp of the market are, make sure to set your take profit and stop loss. Secure your profits safely #BTC #ETH #ETH🔥🔥🔥🔥🔥🔥 #ETH走势分析 #以太坊突破3700