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

Ethereum has successfully rebounded after testing the support area around 3500 as expected, and the current price is operating near 3730. The intraday trend has not broken downwards; this rebound recovers all the losses from the previous two days, but the price encountered resistance and retraced near the previous level around 3780. Short-term bullish sentiment has weakened, and it is expected to pull back to the support around the mid-axis 3680 in the next four hours.

On the short-term four-hour chart, there is a hammer candle with a long lower shadow, indicating strong buying support at the low point of 3666. MACD: The DIF and DEA at the four-hour level formed a golden cross below the zero axis, but the histogram remains negative; the daily MACD has flattened after a death cross at a high level. EMA: The price is stable above EMA30 (3649), and EMA7 (3680) is about to cross above EMA30 to form a golden cross. Overall, the market is showing a volatile downward trend, so the suggested strategy is to focus on short positions during rebounds and have long positions as a supplement. Resistance above is at 3780, and support below is around 3600.

7.25 Short-term reference for Ethereum:

Lower entry point: 3750-3800, stop loss 30, target 30-60 points,

Upper entry point: 3631-3585, stop loss 30 points, target above 3690,

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurate your market judgment is, always manage your take profit and stop loss to secure gains. #ETH #ETH🔥🔥🔥🔥🔥🔥 #BTC #BTC突破7万大关