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

The price of Ethereum continued to fluctuate in a high range yesterday, with daily price rebounds failing multiple times, and the trend faced resistance again at the 3780 level. The short-term trend is beginning to lean towards consolidation, with bulls weakening during the day. If the price cannot break through the short-term resistance at 3800, there is a possibility of a pullback support during the day. It is recommended that traders do not blindly follow long positions for the time being to avoid the risk of being trapped at high levels.

From the short-term hourly chart, the Bollinger Bands are in an opening posture, with the trend running in the middle to upper band area. The short-term market is in a high-level fluctuation, with the price operating at the 3740 level. The overall point of resistance to watch is at 3800. If the rebound does not break through this resistance area, the risk of a pullback support remains during the day. Conversely, if it can break through this resistance area, the rebound is expected to extend to near the previous high position. Traders are advised to be prepared. The upper resistance is focused around the 3800 level, and the lower support is focused around the 3660 level.

7.27 Ethereum Short-term Reference:

Short entry point: Sell above 3750, stop loss 30, target 30-60 points,

Long entry point: Buy below 3665, stop loss 30 points, target above 3700,

There may be delays in article delivery, and strategy suggestions are for reference only. The market changes rapidly; regardless of how confident you are in market judgment, always manage stop-loss and take-profit orders to ensure safety. #ETH #BTC #GalaxyDigital抛售比特币 #以太坊交易量反超比特币 #巨鲸动向