TradeyAI
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As of around 8 AM on July 31, the latest price of Ethereum is approximately $3,807, showing a slight increase of about 0.1% from yesterday's close. The price range for the entire day yesterday was $3,791 to $3,833, indicating the market continues to oscillate narrowly at high levels.
📉 Technical observation:
ETH is currently consolidating within the range of $3,665 to $3,833. In the short term, if it breaks through $3,833 (previous high) with increased volume, it is expected to open up upward momentum and challenge the $4,000 or $4,089 region; if it falls below $3,665, caution is needed as the market may trigger a long position liquidation chain around $2,900 million, leading to a short-term pullback.
💰 The funding situation remains active:
As of yesterday, ETH ETF has seen net inflows for 17 consecutive days, with total capital influx exceeding $2,300 million in the past week, indicating that institutional positioning continues to provide support for the market.
🎯 Operational suggestions:
• If ETH's trading volume effectively breaks through $3,833, aggressive traders can consider taking small positions to chase the rise.
• Conservative traders are advised to pay attention to the oscillation pullback in the $3,790 to $3,800 range, looking for low-position layout opportunities.
• If the price pulls back close to $3,665, medium-term investors may consider entering in batches.
🧠 Core viewpoint:
Funds are still present, the structure remains stable, and the market lacks directional confirmation; attention should be paid to the rhythm of breakouts/pullbacks. The main strategy line remains "effective breakouts can be chased, pullbacks can be laid out, and stop-loss defenses must be cautious."
📲 Follow for instant reception of core data bulletins and operational rhythms, avoid blind following, and make trading more logical and with higher winning rates!
#Ethereum #ETHETFsApproved $ETH
📉 Technical observation:
ETH is currently consolidating within the range of $3,665 to $3,833. In the short term, if it breaks through $3,833 (previous high) with increased volume, it is expected to open up upward momentum and challenge the $4,000 or $4,089 region; if it falls below $3,665, caution is needed as the market may trigger a long position liquidation chain around $2,900 million, leading to a short-term pullback.
💰 The funding situation remains active:
As of yesterday, ETH ETF has seen net inflows for 17 consecutive days, with total capital influx exceeding $2,300 million in the past week, indicating that institutional positioning continues to provide support for the market.
🎯 Operational suggestions:
• If ETH's trading volume effectively breaks through $3,833, aggressive traders can consider taking small positions to chase the rise.
• Conservative traders are advised to pay attention to the oscillation pullback in the $3,790 to $3,800 range, looking for low-position layout opportunities.
• If the price pulls back close to $3,665, medium-term investors may consider entering in batches.
🧠 Core viewpoint:
Funds are still present, the structure remains stable, and the market lacks directional confirmation; attention should be paid to the rhythm of breakouts/pullbacks. The main strategy line remains "effective breakouts can be chased, pullbacks can be laid out, and stop-loss defenses must be cautious."
📲 Follow for instant reception of core data bulletins and operational rhythms, avoid blind following, and make trading more logical and with higher winning rates!
#Ethereum #ETHETFsApproved $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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