July 14 ETH evening analysis


ETH today was boosted by weaker-than-expected US CPI data. The price rebounded to above $1,800 and is now trading in the $1,801–$1,829 range, with a 24H gain of about 1.4%–3.36%. Previously, ETH surged to 1,848 and then quickly dropped to around 1,748. Now, on the 1H timeframe, a bottoming-and-rebound move has formed, but the $1,800–$1,850 range still can’t be held steadily. Every time price pushes higher, selling pressure quickly shows up. Around $1,844 is a strong resistance level caused by short liquidation. If price breaks below $1,760, the weak consolidation is likely to continue. Overall, ETH is still in a range-bound pattern; in the short term, it’s not advisable to blindly chase longs—waiting for a pullback to confirm support is more prudent.
Trading advice: sell at 1,890–1,920 箜, target 1,820–1,750
ETH6.32%
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