🚨【ETH 0731 Evening Market Brief】
As of 8 PM on July 31, the latest price of ETH is $3,832, a slight decrease of 0.3% within 24 hours. The day's high was $3,878, and the low was $3,801, with the market continuing to oscillate in a high range.
📊 Technical Analysis:
ETH is still operating in the range of $3,665 to $3,833 in the short term, currently at the upper resistance level. If it can break through with increased volume, it may challenge the previous high of $4,089. Conversely, if it breaks below the lower edge of $3,665, it may trigger a long liquidation risk at $2,900m, leading to a pullback.
📉 Technical Indicators:
MACD momentum is converging, and no breakout signal has formed yet;
RSI is around 55, showing a neutral to strong performance;
Trading volume continues to shrink, increasing the probability of a short-term trend reversal.
💰 On the Funding Level:
ETH ETF has recorded net inflows for the 18th consecutive day, accumulating over $2,300m in the past week. The total assets managed by BlackRock's ETHA have surpassed $10,000m, indicating sustained bullish sentiment among institutions.
🎯 Operational Suggestions:
If it stabilizes above $3,833 in the evening, a light position can be taken to chase long, targeting $4,000–$4,089;
If the price bounces back around $3,790 and does not break, it remains in a relatively strong oscillation;
If it breaks below $3,665, timely stop-loss should be implemented to avoid withdrawal risks.
📌 Summary: The current funding level of ETH remains strong support, but insufficient volume makes effective breakthroughs difficult. Short-term operations need to wait for directional confirmation, and blindly following the trend should be avoided.
📲 Follow for the latest core data and real-time rhythm of ETH!
