Crypto Expert: Ethereum (ETH) Average Movement and Indicators Show Collective Anomaly on July 15 — Will a New Turning Point Happen Soon? Latest Market Analysis and References

The current ETH price is 1870. A 25% rebound from 1503 to 1870 is very enticing, but the levels 1900 and 2000 above are filled with trapped positions, so every move becomes difficult. Don’t buy directly. The 4-hour bullish momentum is weakening, and the daily chart shows strong resistance. Buying now is gambling, and selling is also gambling. Use small positions to test the market, and don’t bet too much on the direction of the move. Especially for those following my guidance below 1600, this long-term trend requires patience; don’t rush to exit. Consider exiting gradually.

The daily candlestick chart shows a strong bullish candlestick that breaks straight through above the 15-day moving average (EMA) at 1763. It is currently testing the resistance zone between the 30-day moving average (EMA) at 1755 and the 60-day moving average (EMA) at 1829. The MACD indicator shows ongoing expansion of the red bars, with the DIF and DEA lines crossing upward and continuing to rise, indicating a significant increase in upside momentum. The middle Bollinger Band line at 1709 has formed firmly, while the upper line at 1906 forms strong short-term resistance, and the lower line at 1512 represents the main support for this downside. The Fibonacci retracement level of 78.6% at 2242 remains a key resistance level that the current rebound has not reached, indicating the trend is still in the recovery phase after the drop.

The four-hour candlestick chart has broken through the average moving resistances of EMA15, EMA30, and EMA60, and is currently fluctuating above EMA15 at 1807. The short-term moving averages are aligned upward. The DIF line of the MACD indicator is running above the DEA, and the red histogram bars are slightly shortening, showing weakening short-term upside momentum and the need for a pullback to confirm support. The Bollinger Bands are widening upward, with price tracking the upper band line at 1859, while the middle band at 1802 provides strong support. The Fibonacci retracement level of 38.2% at 1870 coincides with the current price. If the price manages to break above this level, upside potential opens up up to the 50% level at 1983. Conversely, if it fails to break above this level, a drop back to the 23.6% level at 1730 is most likely.

Short-term reference:

If price holds above 1830-1780, an upside move is suggested, with a stop loss at 1750 and a target at 18820-1930.

If price holds above 1930-1960, a downside move is suggested, with a stop loss at 2000 and a target at 1880-1830.

Specific trade decisions must be based on real-time market data. For information and further details, please contact the author. Please note that there may be delays in publishing the article; this advice is for reference only, and you assume all risks.

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