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

Ethereum is currently running around 1860, with the overall mid-term trend in the daily chart still maintaining a high-position oscillation pattern. The price is steadily above the mid-line of the Bollinger Bands, the Bollinger Bands continue to open upward, the MACD maintains a red bar in a slight upward range, and the RSI stabilizes around 59, without entering overbought or oversold territory, which indicates a healthy oscillating adjustment during the upward movement. The key support below is the daily Bollinger mid-line at 1800, as long as this level is not effectively broken, the mid-term direction remains unchanged. In the 4-hour period, there is a clear pressure-induced decline, with the price falling from the high of 1946 and touching the Bollinger mid-line. The MACD red bars are continuously shrinking and are about to form a death cross, and the KDJ has already turned downward, indicating that the short-term upward momentum is weakening. The resistance above is at 1890-1900, with the first support at 1845 and strong support at 1750.

Looking at the 1-hour short-term period, there has just been a quick drop in price, which has breached the 1-hour Bollinger mid-line. The RSI directly dropped to 28, entering the short-term oversold range, the MACD has turned green and started to increase, and the KDJ has flattened at a low level. There is a technical rebound correction demand in the short term. The first resistance for the rebound is 1870-1880. If the rebound cannot stabilize above 1880, it will continue to test the 1845 support again.

In terms of funds, there is currently a slight net outflow of 70.32 million, and the open interest is 1.307 billion without a large-scale forced liquidation. This is a normal adjustment wash after the rise. The next two trends are: in the short term, relying on the 1850 support to rebound from oversold conditions, stabilizing above 1880 would provide the opportunity to return above 1900. If the rebound strength is weak and directly breaks the 1845 support, this round of adjustment will further test the key defense level of 1800 in the daily chart. For operations, short-term players should first wait for the rebound to be under pressure before taking action, while conservative players should wait until the 1800 support is in place before considering a lower entry.The above is only a technical sharing of the market and does not constitute any investment advice.Follow Mr. Coin for real-time market analysis.

7.20 Ethereum Short-term Reference:

Short on the upside of 1880, defend 1960, target below 1850,

Long below 1810, stop loss of 50 points, target above 1860,

Since messages may be delayed, strategy suggestions are for reference only. Market conditions change rapidly, regardless of how confident you are in market judgments, always manage your take profit and stop loss effectively to secure gains.

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