7.23 Ethereum Thought Analysis

The ETH 1-hour chart shows an ascending wedge pattern, with a short-term pullback having occurred. Overall, it is still in a downward trend, but there is demand for a rebound on a smaller scale.

Based on the current pattern, it is highly likely to enter a consolidation phase to digest the selling pressure.

Trading suggestion: Enter short positions as the price rebounds to the 3780-3820 range,

Target: 3600-3500