July 11 ETF Analysis:

Yesterday, ETH surged high, then entered a high-level consolidation and adjustment phase.

On the fundamentals, the US and Iran have been in contact again and have started a new round of talks. Trump said, “I agree to continue negotiations with Iran, but the ceasefire has already ended.” At the same time, US officials said diplomatic efforts are still ongoing, and if necessary they will continue to strike Iran. In the end, it’s unclear whether the negotiation results will completely resolve the dispute or whether fighting will reignite.

On the technical side, after yesterday’s move challenged the first target, it began to retrace. The retracement broke below the short-term upward rhythm, entering an adjustment mode. After an overnight adjustment, if the price does not seek downside space for correction, it is expected to once again challenge the potential of overhead pressure. Today’s main resistance level is 1802. If the hourly chart can effectively hold above it, it could then go long again in line with the trend. As for the room for adjustment, the main supports below now are 1773 and 1757.

In terms of strategy, Strategy 1: On an hourly close above 1802, go long, stop loss at 1765, targets 1840 and 1897; Strategy 2: If the price retraces down to 1773 or 1757, wait for a bullish reversal signal to go long, with the details adjusted according to actual conditions.
For specific execution, the evening livestream room will explain in detail!