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

Yesterday, Ethereum experienced back-and-forth trading between bulls and bears, with a rebound occurring only when it approached the 3573 line at a low point, followed by another pullback. The short-term trend is starting to lean towards a decline. As mentioned in yesterday's article, we need to be cautious about the price dropping again, and the approach is to short along with the trend. The intraday pullback has continued as expected, dipping back down to the 3600 line, and the current price is rebounding around the 3650 line. Overall, the rebound seems weak, and we still need to be vigilant about the price breaking down again towards the 3500 line.

Looking at the short-term 4-hour chart, the middle track pressure has dropped to the 3670 line. If the trend shows a strong rebound breaking through this area today, the downward pressure will temporarily ease. Conversely, the downward momentum will continue, so be prepared for the price to drop again today, displaying a fluctuating downward trend. I hope everyone can short along with the trend. Pay attention to the resistance around 3720 above. For support, keep an eye on 3560 below.

7.26 Ethereum Short-term Reference:

Short Entry Point: Short above 3720, stop loss 30, target 30-60 points (aggressively, you can short above 3680)

Long Entry Point: Long below 3575, stop loss 30 points, target above 3630.

The article may be sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high your judgment is on the market, always set your take profit and stop loss to secure your gains. #ETH #BTC #ETH🔥🔥🔥🔥🔥🔥 #以太坊交易量反超比特币