Tongge 7.3 ETH Analysis

$ETH Short near 1715-1730, stop loss above 1750, first target 1680, second target 1650.

ETH has been recovering from 1550, and the overall structure is indeed showing a phase of relative strength, but it is essentially a recovery move, not a trend reversal. The pace of the rise is relatively fast, lacking clear pullback confirmation in between, which is a high-slope recovery. This type of movement either continues to squeeze shorts or enters a consolidation phase after a surge.

The price has now reached the previous resistance area, but there has been no structural confirmation after an effective breakout, so it cannot be regarded as a unilateral trend for now. From the performance of capital, it is currently more of a phased participation rather than sustained follow-through, indicating that divergence still exists at this level. #非农爆冷打压加息预期