7.7

ETH around 1785-1790, try a light long; stop loss at 1765, targets 1805/1820;
Above the 1820-1835 range, wait for a reverse control/short setup; stop loss at 1845, targets 1805/1790.

The chart rebounded from the low of 1763 all the way to 1792. On the 4-hour level, there are consecutive bullish candles pushing higher. The AVL average at 1792 is basically in line with the current price, so the short-term trend is slightly bullish. But 1833 is the 24h high area and also a clear resistance level recently; with declining volume, price approaching it is prone to pull back.

Current volume is 695.18K ETH, which has weakened compared to the earlier rally phase. With shrinking volume approaching the resistance level, the probability of a breakout is low. The MACD fast line is flattening above the zero axis, and the KDJ is dulling at high levels; technically, there is a need for correction.

For today, first focus on the 1785-1820 range. Only a volume breakout above 1820-1835 can open up upside space; if it breaks below 1765, it will retest 1750-1740.
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