Ethereum price analysis: On the 1-hour timeframe, the price is ranging in a low area within an upward channel. The current pullback is gradually approaching the channel lower boundary at the 1708-1713 “lifeline” support zone; near-term resistance lies at 1797 above, and the channel upper boundary pressure is at 1850. As long as the price does not break below the 1708-1713 lower channel boundary, the upward structure remains intact—this is only a pullback gathering strength; once that zone is broken, the upward channel is completely destroyed, the short-term trend flips from bullish to bearish, and a deep pullback begins.

Trading suggestions:

1、Follow the trend for a low-buy: Pull back to 1708-1713, wait for stabilization, and then go long; stop loss at 1690; target 1797.
2、Short under pressure: When it rebounds to 1780-1797 and meets resistance, short; stop loss at 1825; target 1733-1713.
3、Break-and-follow for a short: If the 1-hour price breaks below 1708, go short following the move; stop loss at 1745; target around 1670-1650 (strategy is for reference only) #ETH #BTC