Today #PreIPOs第二期OpenAI认购 ETH market analysis & trading strategy

As of July 14, Ethereum’s current price is $1,755–$1,775. Over the past 24 hours, it has edged slightly lower, and its trend is weaker than Bitcoin. It is currently in a range-bound consolidation and washout phase between $1,720 and $1,830.
On the news front, the market is mainly waiting for US inflation data. Rising US Treasury yields have been continuously weighing on ETH price action. On the daily chart, MACD bullish momentum is fading; short-term moving averages are forming downward pressure on price. The Bollinger Bands are narrowing, volatility is tightening, and there is no clear one-way move in the short term. Long and short sides are in intense contention, and the main players are waiting for the news to decide the breakout direction.
Support and resistance: The first key support is $1,720. Once a breakdown occurs with increased volume, the price will likely further retrace to $1,680. The near-term resistance is $1,790–$1,830. Only if the price holds above $1,830 can a new round of rebound and upside resume.
Trading strategy:
For short-term trades, adopt a range-trading approach. If the pullback to $1,720–$1,730 stabilizes, go long with a small position size. Set the stop-loss below $1,700 and take profit at $1,790–$1,820. If the rebound approaches $1,820–$1,830 and meets resistance, consider setting up a short trade, with a stop-loss at $1,845.
Until there is a breakout from the box with increased volume, it is strictly forbidden to chase trades with heavy position sizing—keep position size controlled. Wait for the inflation data to land in the evening, then switch in favor of a one-way trading mode.