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7.3
Ethereum around 1695-1700: consider a light long attempt; stop loss at 1680; targets 1715/1725.
Above, in the 1725-1730 range, wait for a counter-trend short-hand (reverse) trading opportunity; stop loss at 1735; targets 1710/1700.
From the 24h low at 1613.82, the market pushed up all the way to 1711. After nearly a 100-point rise, it needs to digest; the cost-effectiveness of chasing longs is no longer high. A pullback to 1695-1700 followed by another long attempt is safer: stop loss at 1680, controlling risk.
The 1725-1730 area is a high-position-density zone, and also the pressure band for this rebound. Breaking through in one push is difficult, and the probability of a pullback after a spike is higher. Holding the level and taking the long attempt aligns with the second target at 1725.
For the day, first watch for range-bound movement between 1695-1725. If 1695 cannot hold, then pull back to 1680-1670$ETH #ETH突破1700