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July 14 $ETH Market Analysis (With Long/Short Levels): The long position is already entered—where should we look next?
Ethereum has finally bounced back around 1755, which we started mentioning last week. Many B friends have already received and completed their first take-profit. So next, let’s talk about where we can potentially see price go.
First, on Ethereum’s hourly chart level, closely watch how price reacts around 1810. If it just shoots up directly through 1810, then we can expect further pressure levels at 1835 and 1860—taking partial profit there would also be fine.
If today it drops straight down from here, then we can only try another bounce attempt again at the lower 1675–1660 area. Based on the current situation, if 1750 doesn’t break down again, we can look toward 1810—see how price reacts there and then decide on your take-profit plan!