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Analysis and judgment of the current price structure of ETH
Taking ETH/USDT as an example, considering that the price structure has not changed, we will maintain the judgment made on July 21 at 13:45 unchanged, with a short-term bullish-bearish dividing line at 3579. The daily line is fluctuating narrowly around 3825-3579. Today, the bullish side fluctuated upwards to around 3756, with a focus on the closing. The specific analysis is as follows.
(1) Above 3579, the bulls continue to maintain an offensive stance. During pullbacks, one can pay attention to short-term (such as 1-hour) bullish turning point model long trade opportunities; the previous low-level segment long positions need to enhance holding confidence and continue to hold bullish.
(2) Below 3579, the short-term rise ends and a decline begins. Previous low position long positions exit, while short-term bearish turning point models can be watched for trading opportunities to build short positions at highs.
(3) Below 3756, continue narrow range fluctuations; above 3756, bulls are strong, continue to attack 3825, if 3825 is stabilized, look for a higher line up to 3998. During the bullish attack process, it is not recommended to easily short.