July 3 ETH Outlook

Fundamentally, last night's US non-farm payroll data showed only 57k new jobs added in the month, far below the general expectation of about 110k. This gap quickly triggered a reassessment of economic momentum, delaying rate hike expectations and pushing cryptocurrencies higher.
On the other hand, negotiations regarding the transit arrangements in the Strait of Hormuz remain deadlocked.

Technically, after the sideways market on Wednesday broke the downtrend, yesterday's market again broke through the consolidation range, starting the first leg of a unilateral trend.
The current market is experiencing a slight high-level consolidation, with resistance at the daily chart's June 8 high. On the hourly chart's bullish trend, the upward trajectory remains unchanged, maintaining a low-volume sideways pattern. The current bull control point is 1680, meaning the bullish structure holds above 1680.

In terms of operations, yesterday's long positions should be held. Consider adding on a 4-hour breakout above 1725. For short-term traders, use 1680 as support to go long on dips, or go long on a breakout above 1725, with a stop loss initially set below 1660. Details will be discussed in tonight's live session!