July 9 Technical Analysis:

Descending Channel Formed, Short-Term Support Under Test

From the recent technical trend, Ethereum is facing certain downward pressure:
Lower highs in succession: Since surging to $1,849 on June 17, Ethereum has failed to make new highs, with recent highs showing a descending channel (1,849 → 1,833 → 1,812 → 1,725).
Key moving average lost: The price has broken below the 20-day moving average (SMA20 around $1,790), and the volume structure has deteriorated, indicating a weak short-term trend.
Support level in focus: The market is closely watching support near $1,720. If it breaks, it may further decline toward $1,650.

7/9 Wish all brothers and sisters huge profits and more U:

ETH Contract Strategy & Market Analysis:

1. Test Short: Short near 1741, first take profit 1712, second take profit 1707, stop loss 1753;
2. Aggressive Short: Short near 1755, take profits in batches 1740-1707-1629, stop loss 1767;
3. Swing Short: Short near 1766, take profit 1755-1707-1629, stop loss 1778;
4. Conservative Short: Short near 1790, take profit 1766-1707-1629, stop loss 1803;
5. Left-Side Rebound Long: Long 1710-1715, first take profit 1735, second take profit 1750, stop loss 1698;
6. Conservative Long: Long 1705-1708, first take profit 1790, second take profit 1830, stop loss 1698;
7. Strategic Long: Long 1627-1630, first take profit 1750, second take profit 1850, stop loss 1613;
8. Key Level Long: 1573, 1555 – can attempt longs, manage profits yourself;

Note:
1. All positions: deduct fees at 5-10 points, set breakeven, continue holding;
2. The above strategies only represent personal views, for reference only, not recommendations, bear your own risk;
3. All positions must strictly execute take profit and stop loss, no holding against the trend, bear your own risk!
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