July 2nd ETH Analysis:

Yesterday, it first fell and then rose, with a morning drop again.

Fundamentally, during the evening meeting of the central banks of four countries, new Federal Reserve Chairman Warsh stated: "U.S. inflation risks have declined somewhat, and at least for the short term, the dot plot will still be retained," implying that the Fed is unlikely to raise interest rates in the short term;
On the other hand, U.S. and Iranian negotiation representatives spent two days in Doha discussing maritime traffic in the Strait of Hormuz and the unfreezing of Iranian funds. No statement has confirmed whether the issue has been resolved, and the next meeting will be held after July 9th.

Technically, in the 4-hour trend, the current low-level weak sideways trend remains unchanged. In the short-term trend, the market is attempting to break away from the downtrend and enter an independent oscillating adjustment range; today's bull-bear pivot point is at 1658, short-term resistance at 1628, and the main oscillating range is 1658-1573.

Operationally, conservative traders should wait for the larger trend to choose a direction. If the 4-hour chart breaks above 1658, the price will undergo a new round of large-scale rebound, targeting 1770, 1848, and 1885; the bearish larger trend requires a break below 1550;
For the short-term market, there is currently no good entry point. Further reminders will be given when opportunities arise later!

Specific operations will be explained during the evening livestream!