July 1st ETH trading ideas

Yesterday, ETH experienced mild volatility at low levels. In early trading, it briefly dropped sharply, but then the market stabilized again.
Fundamentally, US President Trump is weighing whether to return to a full-scale war with Iran. He has held multiple talks with Secretary of Defense Hegseth and Chairman of the Joint Chiefs of Staff Dan Kane regarding further strike actions in recent days, but has currently decided to refrain from military action against Iran and continue advancing diplomatic negotiations.
Additionally, interest rate futures show the probability of a Fed rate hike in September rising to 80%. Tonight, Fed Chairman Kevin Warsh will attend the European Central Bank's "Global Central Bank Forum" in Portugal on Wednesday and participate in a panel discussion. The market is trying to gauge his policy direction from this.
Technically, the current 4-hour bearish trend continues. The hourly rebound adjustment saw a slight breakdown yesterday, touching the 1550 platform support level. In the evening, it began a low-level oscillatory rebound, with the main resistance shifting to 1590. Today's strategy remains to wait for bearish signals. Yesterday saw the first phase of the downtrend. If the hourly chart breaks below 1550, the third phase of the main downtrend will begin.
In terms of operations, a break below 1550 on the hourly chart is bearish, with a stop loss at 1595 and targets at 1505, 1425, and 1391. If the current market breaks above 1590, wait and observe.