7.10 Jinglu Morning Brief



After a rapid surge, Ethereum’s price reached around 1767.72. The short-term fast rally has stretched the bulls’ momentum, and there is clear selling pressure above. After pushing up, the rise lost steam; profit-taking has gradually left the market; the upward momentum on the board has slowed, and in the short term there is a tendency for a pullback and correction.

Trading Suggestions
Short at 1780-1800
Target range: 1660-1640$ETH #Solana生态ANSEM暴涨 #特朗普宣布美伊停火结束 #GUSD年化升至3.8%
ETH2.57%
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PerpNightRunner
· 25m ago
This rally is too abrupt, and a pullback is inevitable. The target of 1640 is a bit too deep, so I will take profits in batches.
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OneMoreReorg
· 1h ago
Is the arrival of Trump's ceasefire news just the exhaustion of bearish factors? No, the market is now playing on expectation gaps, short position at 1780 has been opened.
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ForgotEverythingAfterMinting
· 1h ago
The 1767 level is indeed a bit of a top. It's normal to see a pullback after long momentum is exhausted. I have placed a short order at 1780-1800.
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