On July 3, 2026, Ethereum (ETH) is facing a short-term directional choice after a significant rebound. The latest quotes are around $1,699 - $1,703, with a 24-hour gain of about 5%-6%.

Key Market Points

· Short-term overbought: The 1-hour level indicator shows an overbought signal, and the price has formed a consolidation near $1,725, suggesting a pullback is needed. The **$1,720 - $1,750** range above is a strong resistance zone.
· Medium-term support: The 4-hour level shows the bullish pattern remains intact; as long as the $1,650 support is not broken, the bullish structure remains valid.
· Long-term risk: The monthly level is still in a downtrend, with some analysts believing that after the rebound, it may retest the 2022 low around $1,000.

Today's Strategy Reference

· Cautious long (enter on pullback): If the price pulls back to the $1,620-$1,650 range and stabilizes, you can try a small position, targeting $1,700-$1,750, with a stop-loss below $1,580.
· Aggressive short (bet on pullback at resistance): If the price touches the $1,750-$1,800 range for the first time, you can take a small short position, targeting $1,680-$1,650, with a stop-loss above $1,800.
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