July 6 Evening Ethereum Market Analysis



Although the short-term moving average remains upward, the coin price has been hovering near the upper Bollinger Band for a long time. Several attempts to break into the 1780-1790 range failed to stabilize the price. Market trading volume continues to shrink, and the bullish momentum is severely insufficient!

The MACD histogram bars continue to narrow, and the four-hour cycle has shown signs that the high cannot rise further!

Reference idea: When the price rebounds to the 1775-1790 range, you can open short positions, with a stop loss at 1800. Pay attention to the two support levels at 1750 and 1720 below! #ETF $ETH
ETH1.32%
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