7.9 ETH around 1750, light shorting, targeting 1715/1680

For those wanting to go long, you can light long ETH around 1715, with defense at 1700, targeting 1745.
Last night, ETH rebounded to around 1745 and faced pressure again; the current price is 1731.
From the 1H trend, the price is still trading below the MA60 moving average; the short-term moving averages continue to turn downward, and overall it’s still a bearish consolidation structure.
Before it reclaims and holds above 1750, the short-term approach is still to keep thinking about shorting into rebounds at higher levels.
On the news front, the market is still locked in a tug-of-war around Fed rate-cut expectations and where institutional funds will flow, and for now there is no major new positive catalyst coming through at the macro level.
In recent days, Bitcoin’s performance has been weak, which has also limited ETH’s independent upside; capital is more focused on defense, and in the short term it’s still expected to mainly bounce and oscillate repeatedly.
The more the market keeps oscillating, the more it tests patience.
Trading doesn’t mean you have to act every day; it’s about executing decisively when your opportunity appears. ethereum:native #ETH