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July 13 Ethereum market outlook and trading suggestions
ETH current price is 1,815.92, up slightly 0.65% over the past 24 hours, with market sentiment led by the bulls. On the chart, near-term resistance lies at 1,840 and strong resistance at 1,870; support is at 1,790 and the key defense level is 1,772. Overall trading is dull, and price action tracks Bitcoin; Ethereum has limited independent buying strength. The selling pressure is heavier at rebound resistance areas. If Bitcoin weakens, it will drag Ethereum down. Only a breakout above the 1,840 resistance level with increased volume can allow the bulls to open up upside room.
Trading suggestions
1. Place short orders when the rebound reaches the 1,835-1,840 zone, with a stop-loss at 1,875
2. Take profit in two targets: 1,792 and 1,772#GateUS合规扩展佛罗里达 $BTC $ETH