$ETH Coin Circle Academician: July 8 Ethereum (ETH) Deep in a Descending Channel Yet Still Reversing Up? Latest Market Analysis Reference

　
　　Ethereum current price 1808, from 1503 grinding to 1800, some have doubled their money, some have just broken even, and some are still stuck waiting to get out of losses. Actually, no need to be too anxious; the market's rhythm never follows our expectations. Don't get cocky after one rebound, and don't completely give up because of the previous drop. Remember, in this market, mindset is more important than direction, survival is more important than getting rich overnight. Take it slow to go far, especially for those friends who went short below 1600.

　
　　The daily K-line price is currently running below the EMA15 and supported by the EMA30, still within the descending channel overall. The daily MACD red bars continue to increase in volume, with DIF turning upward from a low level, short-term downward momentum weakening; the Bollinger Band middle band continues to decline, price is running tightly above the lower band, a double bottom pattern near 1503 is initially emerging. The key resistance above is at the Fibonacci 78.6% retracement level of 2242, and strong support below is at 1503.

　
　　The four-hour K-line is currently above the EMA15, 30, and 60 moving averages, with short-term moving averages showing a bullish alignment, and the rebound structure remains intact. Although the MACD red bars are decreasing in volume, DIF remains above DEA, and bullish momentum has not fully exhausted; the Bollinger Bands are opening flat, with price running near the middle band, and there is short-term resistance near the upper band at 1807. From the Fibonacci retracement perspective, the price has broken through the 23.6% level at 1730, with the next target pointing to the 38.2% level around 1870. If it holds here, the rebound space will further open up.

　
　　Short-term reference:

　
　　If the price does not break below the range of 1780 to 1750, go long, with stop loss at 1720, target 1830 to 1870.

　
　　If the price does not break above the range of 1850 to 1880, go short, with stop loss at 1910, target 1800 to 1750.

　
　　Specific operations should be based on real-time order book data. For more details, consult the author. This article is published with a delay; suggestions are for reference only, and risks are borne by oneself. ‌#Strategy上周减持3588枚BTC