7.26 crypto world Coin Mr.: Ethereum (ETH) market analysis reference

Ethereum experienced back-and-forth battles between bulls and bears yesterday, with a rebound occurring only near the low point of 3573 before a further pullback. The short-term trend is starting to lean towards a downward movement. As mentioned in yesterday's article, be cautious of the price dropping again, and it is advisable to short in line with the trend. The intraday pullback has continued as expected, with a further pullback to the 3600 level. Currently, the price is rebounding around the 3650 level, and overall, the rebound is relatively weak. We still need to be wary of the price breaking down again towards the 3500 level.

Looking at the short-term 4-hour chart, the middle track pressure has dropped to the 3670 line. If there is a strong rebound in the intraday that breaks through this area, the downward trend will be temporarily slowed down. Conversely, the downward trend will continue, so be prepared for prices to drop again during the day, with a fluctuating downward trend. I hope everyone will think in line with the trend and go short. Pay attention to the resistance around 3720 above. The support below is at 3560.

7.26 Ethereum short-term reference:

Short entry point: short above 3720, stop loss 30, target 30-60 points, (aggressive can short above 3680)

Buy above the test warehouse point 3575, stop loss 30 points, target above 3630,

There is a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how accurate your market judgment is, you must always manage your take-profit and stop-loss to secure your profits.