On July 3, 2026, Ethereum (ETH) is temporarily reported at $1,699, up about 5%-6% in 24 hours. Affected by weak U.S. employment data weakening expectations of interest rate hikes, market sentiment has somewhat recovered. The key to the current strategy is to determine whether this is a bottoming rebound or a pause in the downtrend.

📊 Core Market Divergence

· Short-term (cautiously optimistic): ETH has formed support above $1,650, and the 1-hour bullish structure remains intact. However, it has touched resistance near $1,725, showing overbought signals, with a need for a short-term pullback.
· Long-term (risks remain): Institutions are not optimistic. Citigroup has lowered its 12-month target price for ETH to $3,600**; technically, the monthly chart remains in a downtrend, with some analysts warning of a possible retest of the **2022 low near $1,000.

💡 Today's Strategy Reference

· Conservative (buy on pullback): Watch whether the $1,620-$1,650 range can stabilize, target $1,700-$1,750, strict stop-loss below $1,580.
· Aggressive (short at resistance): If it initially rebounds to the strong resistance zone of $1,750-$1,800, you can try a small short position, stop-loss above $1,800.
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