July 5

ETH Evening
The current price is running around $1670 in the evening, following BTC's oversold repair trend during the day. Short-term bulls have slightly exerted force, but overall it is still a rebound within a downtrend, with insufficient upward momentum.
On the 4-hour level, the price touches the upper Bollinger Band, showing short-term overbought divergence and clear signs of upward pressure; the daily moving averages are still bearishly arranged, the medium-term downward structure has not been broken, and the rebound is just a technical pullback repair.
Strategy: Short at 1700-1730, defense 1760, target 1660-1600
Disclaimer: Investment involves risks, be cautious when entering the market.
#ETH突破1700 $ETH