【7.29 Ethereum Midday Market Analysis】

Last night, the Ethereum market exhibited a relatively standard oscillating upward trend. After stabilizing around the price of 3760, it began to rise slowly, with the lowest point hitting 3751.97, precisely at the support level predicted yesterday. Subsequently, the market surged, climbing all the way up to the 3819 line, creating a total movement of nearly 70 points, which aligns with expectations.

From the chart perspective, the Bollinger Bands are clearly in an expanding state, with the price having broken through the middle band and continuously operating in the middle to upper band area, indicating that the bullish trend remains dominant. However, as the current price is close to the upper Bollinger Band (around 3820), there might be a short-term pullback after a breakout, which is part of a healthy adjustment.

If it can stabilize above 3800 in the future, the market is likely to continue to test higher, with the target temporarily set at the 3860-3880 range; however, if there is weakness in the breakout and it falls below 3750, one should be cautious of possibly entering a new round of oscillation or correction to avoid getting trapped.

📌 Support Reference Level: 3760-3780

📌 Resistance Reference Level: 3820-3860

📌 Short-term Strategy: Focus on buying on dips, be mindful of taking profits on highs, and manage rhythm and position well.

The market is still in motion; do not blindly chase after price increases. Patience to wait for opportunities and holding onto logic is key. Coin Analysis #巨鲸动向