7.6$ETH Market Analysis (with Long/Short Levels): Pay attention to pullbacks on the small timeframe, but there are still long opportunities on the larger timeframe.

In the current trend of Ethereum, last week the section chief gave a judgment that after going above 1720, it would need to reach at least 1815 to short, but the highest hit 1808 and then came down.

The current trend is similar to Bitcoin. On the hourly chart, watch for the formation of an M-top, meaning after seeing the hourly line break below 1655, a rebound could be considered for a short opportunity, with stop loss above 1815. This is a right-side opportunity.

Pay attention to the support levels below at 1680 and 1660 for considering longs. These are important supports on the 4-hour chart. It's reasonable to enter in batches with a tight stop loss to gamble on a larger timeframe long. Similarly, if 1820 is broken to the upside, don't think about making a big short; maybe the direction has truly changed.