Looking at the current Ethereum hourly chart, it has clearly weakened. The price has broken below the middle Bollinger Band and is running along the lower band. The MACD bearish green bars are still present.



Short-term support is around 1740, resistance near 1780. If the support holds in the short term, there may be a small rebound. If it quickly breaks below, look directly at the previous lows of 1720-1700. #ETH
ETH0.66%
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GateUser-ced0257a
· 07-08 08:29
Place a limit order around 1700. If it drops below 1750, I'll cancel the order and wait.
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GateUser-c4e25c95
· 07-08 07:27
The lower Bollinger band is already touched, but short sellers haven't increased volume yet. If 1740 can't hold, it feels like it's going to accelerate.
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