7.24 Ether morning market outlook

ETH is trading around **3642** at the 1-hour level, with a continued bearish trend. In the morning, pay attention to the low-level oscillation repair situation.

The price has pulled back from the high point of 3857, the MA7 has turned downwards, and bullish momentum is weakening.
Key support reference 3526, if broken, may open up downside space, need to wait for clear reversal signals.

The Bollinger Bands are opening downward, with the price under pressure below the middle line, MA7/MA30 forming a death cross, and MACD showing increasing bearish volume.
Support below at 3554, resistance above at 3697.

Suggested to enter the market at 3660-3680, target 3580-3560, stop loss above 3700.
It is recommended to enter at 3580-3600.
Target 3640-3660, strict stop loss below 3560.

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