Today (July 4), the market is in a rebound repair phase after a sharp drop, and long/short players are locked in fierce back-and-forth. Currently, ETH is trading sideways around $1,730-$1,750. In the short term, sentiment leans bullish, but it is already approaching a key resistance area, so execution needs to focus more on pacing.

Here are a few core judgment points for your reference:

· 📈 Short-term long signal: Price has risen above the short-term moving average, and the MACD has formed a golden cross. On-chain data shows that whales have recently been accumulating heavily around $1,591, and shorts have been liquidated by about $103 million, temporarily easing selling pressure.
· 🚧 Key “roadblock” resistance: The area above is a dense pressure zone. $1,760** is the first hurdle,** and $1,795-$1,826 (including the 50-day moving average) is the real “battlefield” that determines whether a reversal can happen. If price rises on shrinking volume, it will most likely be blocked here.
· 🛡️ Defensive positions below: If price pulls back, **$1,700** is the bottom line that bulls must hold. Below that, $1,644 and $1,573 are stronger support bands.
· ⚖️ Macro variables: The Ethereum Foundation’s restructuring and the establishment of the new institution EthLabs are, in the long run, governance optimizations, but their short-term impact is limited. At the same time, you should also watch whether ETF capital flows can continue to improve.

Strategy references for different styles:

· Seek stability (observe): We are currently in the middle of the range, and the direction is not clear enough. Without a breakout above $1,760 on increased volume or a pullback/retest of key support, it’s safest to watch more and act less.
· Slightly more aggressive (buy low): If the price retraces to $1,710-$1,730 and then stabilizes, you can try a small-position long entry, with a stop loss strictly set below $1,690, and a target at $1,760-$1,780.
· More conservative (short high): If the rebound reaches around $1,780-$1,800 and clearly stalls, you can try a small-position short entry, with a stop loss above $1,830, targeting a move back to $1,730.

One more reminder: summer market liquidity is relatively thin, and price movements can be amplified. Make sure to control position size, set stop losses properly, and do not chase breakouts or sell-offs with heavy positions. #以太坊