7.14 ETH Analysis

After ETH touched the extreme value at the lower Bollinger Band, it went through a round of ultra-deviation corrective rebound. When it surged to the 1794 level, it encountered upper-band orbital damping suppression, and formed a shooting-star line pulse exhaustion top. Incremental long-side capital then ran out, and the rebound momentum quickly collapsed. The overall Bollinger channel remains in a downward parabolic divergence pattern. The original support level, the mid-band at 1775, completes the role switch between bulls and bears and becomes the current dynamic pressure-suppressing moving average. The current price is trading under this watershed line, and upside room is rigidly locked.

After the RSI short-term indicator reached the threshold at the upper edge of the weak zone, it turned and dulled back downward. Throughout the entire move, there was no reversal signal confirmed by any price-volume divergence. MACD is engaged in a bottoming-and-chopping structure below the zero line; the red histogram volume is quickly converging, shrinking, and fading. DIF is about to cross below DEA to form a secondary death-cross resonance, while bearish momentum is accumulating for a second time. This round of market is a typical bear-market continuation with a deceptive long-squeeze rebound. Do not speculate about bottom formation. Shorting in stages based on the pressure-level gradient is the trading approach that best matches the market’s entropy-decreasing execution rhythm.

Trading suggestion: 1795-1825🈳, target 1730-1680.$USDC $ETH $BTC