7.10 ETH Morning Outlook

Ethereum faced resistance after an initial surge to the 1833 high, pulling back. The overall trend has shifted from strong upward movement to high-level oscillating corrections, with bullish momentum clearly weakening. On the 4-hour chart, the Bollinger Bands are gradually tightening and flattening, the upward trend is slowing, and the price is entering a sideways bottoming phase.

On the 1-hour chart, the price is oscillating narrowly near the middle Bollinger Band. The battle between bulls and bears is becoming balanced, and there is no clear directional trend in the short term. The overall intraday pattern is a range-bound, slightly bearish move. The strategy is to focus on high-level short positions, supplemented by light long positions at low levels.

Medium-term moving averages have shifted from steady upward to flattening, short-term moving averages are tangled and overlapping. The bullish arrangement structure has been broken, lacking the momentum from moving averages for a sustained rally. The price is repeatedly oscillating around the middle band, and the trend strength has clearly declined.

Trading suggestions: Go long on pullbacks to 1720-1740, targets 1780, 1800.
Go short on rebounds to 1775-1785 with resistance and stagnation, targets 1740, 1700. #特朗普宣布美伊停火结束 $ETH