7.2 Early Morning ETH Market



ETH follows BTC's fluctuations throughout, with greater elasticity, but its overall trend is significantly weaker than BTC's.

Although ADP data led to a slight market recovery, the ETH spot ETF continues to see large redemptions, with institutional funds constantly flowing out. Long-side buying power is weak, the rebound is only a short-term technical correction, and the bearish trend has not changed.

Pay attention to key short-term levels: resistance 1638-1645, a stable hold above can trigger a modest upward move; support 1596-1590, a break below 1550 will open deeper downside space.

Operate mainly with short positions. If the price rebounds to 1629-1637 and stalls, you can lightly try shorting, targeting 1550 and 1500.

Only open small long positions when the price stabilizes with volume at 1596-1592, and exit quickly.

Tonight's non-farm payroll data will dominate the medium-term direction. ETH volatility is much greater than BTC's. Be sure to reduce leverage, set stop losses, and do not trade heavily$ETH
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CaptainChenOfTheEncryptionTeam
· 9h ago
7.2 Early Morning ETH Market Analysis

ETH follows BTC's fluctuations throughout, with greater elasticity, but its overall trend is noticeably weaker than BTC.

Although the ADP data drove a slight market recovery, ETH spot ETFs continue to see large-scale redemptions, institutional capital keeps flowing out, and bullish buying power is weak. The rebound is merely short-term technical repair; the bearish trend remains unchanged.

Key short-term levels to watch: Resistance at 1638-1645—only a firm hold above can trigger a minor rally; support at 1596-1590—a break below 1550 will open deeper downside.

The strategy is mainly to short at highs. When the price bounces to 1629-1637 and stalls, you can lightly test short positions, targeting 1550 and 1500.

Only when the price stabilizes with volume at 1596-1592 should you take a small long position for quick in-and-out moves.

Tonight's Nonfarm Payrolls data will dictate the medium-term direction. ETH's volatility is far greater than BTC's. Be sure to reduce leverage, set stop-losses, and avoid heavy position gambling. $ETH
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