I. Ethereum (ETH) Real-Time Market on July 10 (Today) (as of 09:55)

1. Current Price: 1742–1748 USDT, approximately around 11,800 RMB
2. Intraday Performance
- The Asian session today is slightly weak: a short-term micro drop of 0.1%–0.3%, and price action follows Bitcoin in a tight range of consolidation;
- Yesterday (July 9) saw a V-shaped rebound: the intraday low probed to 1721, followed by a technical recovery. Over the next 24 hours, the market ultimately closed up by about 1.2%–2.3%. The low at 1713 is a strong short-term support zone.
3. Trading Volume: Trading volume noticeably shrank in the early session today. The rebound is driven by the exhaustion of sell pressure; with no large funds actively stepping in, the rebound strength is relatively weak.
4. Market Sentiment: The Crypto Fear & Greed Index is 22, placing it in an extreme fear zone, with a heavy overall “wait-and-see” sentiment in the market.

II. Key Technical Levels

Support Levels (from near to far)

1. Strong short-term support: 1710–1730 USD (the stabilization zone after being tested twice yesterday)
2. Second support: 1680–1700 USD (psychological integer level)
3. Medium-term support: 1650 USD (a previous institutional cost range)

Resistance Levels (from near to far)

1. First resistance: 1760–1780 USD (the upper edge of the recent consolidation range; the main area under pressure today)
2. Key resistance: 1800 USD (the watershed between bulls and bears; once lost, it turns into medium-term resistance)
3. Medium-term resistance: 1830–1850 USD (the weekly highs)

III. Core Factors Affecting Today’s Trend

Bullish Factors

1. Institutional funds continue to flow into Ethereum spot ETFs, with net inflows for 5 consecutive days, offsetting some of the selling pressure;
2. Asia-Pacific stock markets rebound across the board. Risk appetite has been slightly restored, which modestly lifts sentiment for crypto assets;
3. Strong buy-side follow-through in the 1710 USD range has exhausted short-term bearish momentum.

Bearish Factors