7.10 “er bing”/“long-lower” light position near 1775, target 1750/1720

If you want to do the “duo” (add to long) there, you can lightly do “duo” near 1720, with defense at 1700, targets 1760/1780
As of now, ETH is trading around 1766. On the 1H timeframe, it has re-tested the short-term moving averages again. The 1775 area is still a short-term pressure zone.
From the structure, price is still trading above the medium-term moving average, and the bigger trend has not been broken.
But the attempt to push up to 1800 failed twice in a row and couldn’t hold, showing that sell pressure above still exists.
If, in the short term, it can’t reclaim 1780 again, another round of pullback to confirm is expected. Focus on 1750 as the key support line below.
News flow is still revolving around the Fed’s interest rate cut expectations and institutional capital flows.
At the moment, there is no new major negative macro event materializing; the market is still mostly following a technical play-by-play rhythm.
After the earlier continuous rally, funds have started switching between high and low levels, and the cost-effectiveness of chasing higher has clearly declined.
Real profit is never made by chasing; it is made by waiting.
There are market moves every day, but opportunities belong only to those with patience. $ETH #ETH