7.8 Ethereum Morning Market Analysis

Yesterday, Ethereum followed Bitcoin higher, surging to a high of 1833, then met resistance and pulled back. It dipped to a low of 1757, where it stabilized. Currently, it is trading in a range around 1770. There are no major headline catalysts on the order book, and the price action is driven entirely by technical factors.

Bearish momentum on the 1-hour and 4-hour charts has narrowed somewhat. In the short term, there is room for a modest rebound and repair. However, the medium-term bearish structure has not been reversed, so the broader direction should prioritize shorting at highs.

The morning bias is to go short as the primary plan, and long at lows as a secondary plan. Wait for a rebound into the 1775–1790 resistance zone to set up short positions, with targets at 1750 and 1730#ETH $ETH ‌