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7.13 ETH around 1830-1840, targeting 1780/1740
If you want to do a long (哆), go long ETH around 1760, defend at 1745, target 1800/1820
After ETH surged yesterday to around 1848, it started to fall back. Currently the price is 1804. On the 1H level, it’s undergoing high-level consolidation, and the strength of the short-term rebound has begun to slow.
Around 1800 has become the current tug-of-war zone between longs and shorts.
From the 1H structure, the price previously moved up consecutively; the moving averages overall are still trending upward. However, repeated tests of the 1830-1850 range failed to break out, indicating that sell pressure above is gradually increasing.
If the price drops back to around 1800 but cannot quickly reclaim 1820, the upside will be pressured, and it’s expected to first go through a round of pullback to confirm. $ETH #ETH