7.24 Crypto Market Analysis: Ethereum (ETH) Market Analysis Reference

Ethereum also experienced a surge followed by a correction yesterday. The subsequent upward movement has been relatively weak, and the price continues to break lower. Currently, it has touched the low at 3550 and is showing a rebound, but the short-term price increase has encountered resistance, and the price has a strong tendency to pull back, making it possible for the market to decline again today.

From the short-term four-hour chart, the trend shows five consecutive bearish candles, indicating a breakdown leading to a downward movement. The current rebound is hindered at the 3600 round number, and the price is once again under pressure showing a correction. As time goes by, the Bollinger Bands are gradually opening up, and the upper resistance is slowly moving down, indicating an overall trend of oscillating downward. Therefore, the suggested strategy is to focus on short positions during rebounds, while considering long positions on pullbacks. The upper resistance to pay attention to is 3660, and the lower support to watch is 3521.

7.24 Short-term Reference for Ethereum:

Lower trial entry points: 3750-3680, stop loss 30, target 30-60 points,

Upper trial entry points: 3531-3485, stop loss 30 points, target above 3590,

There may be delays in sending the article, and the strategy suggestions are for reference only. The market is changing rapidly; regardless of how accurate the market judgment may be, it is essential to manage take profit and stop loss properly to secure gains. #ETH #BTC #BNB创新高 #ETH🔥🔥🔥🔥🔥🔥