On July 7, 2026, Ethereum (ETH) experienced violent fluctuations, with a morning long attack briefly breaking through $1,800 before pulling back, indicating intense tug-of-war between bulls and bears, and short-term direction remains unclear.

📊 Market Status Overview

· Price Position: Currently oscillating around $1,747 - $1,784. $1,800-$1,806 is a key psychological and technical resistance (50-day moving average), while $1,750 is a short-term key support.
· Last Week Performance: ETH surged roughly 11.7%-13% last week, leading major coins.
· Bull-Bear Sentiment: Futures market experienced violent liquidation, with nearly $400 million liquidated in the past 24 hours (70% short positions). However, on-chain data shows signs of "distribution," and both retail and large holders are leaning bullish, warranting caution against potential risks.

⚡ Today's Key Levels and Strategy

· Key Breakout Level ($1,806 - $1,835): If volume holds above this area, the bullish trend is confirmed, with targets at $1,920 - $2,000.
· **Key Support Level ($1,750)**: If broken, short-term pullback risk increases, possibly retesting $1,716 or even lower.
· Trading Advice: It's recommended to stay on the sidelines, wait for a pullback to stabilize around $1,750 before considering long positions, or follow up after a volume breakout above $1,835. Be sure to set stop losses and watch out for chasing highs.
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