Crypto Expert ETH: 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. The 25% rebound from 1503 to 1870 is very tempting, but levels 1900 and 2000 above are packed with trapped positions, making every move 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 gamble too much on the direction of the move. Especially for those who followed my instructions 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, breaking immediately 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 continuous expansion of the red histogram bars, with the DIF and DEA lines crossing upward and continuing to rise, indicating a significant increase in upward 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 key support for this downswing. The 78.6% Fibonacci retracement level at 2242 remains a key resistance level that the current rebound has not reached, suggesting the trend is still in the recovery phase after the drop.
The 4-hour candlestick chart has broken above the average moving resistance of EMA15, EMA30, and EMA60, and is currently fluctuating above EMA15 at 1807. Short-term moving averages are aligned upward. The MACD indicator’s DIF is running above DEA, and the red bars are slightly shortening, indicating weakening short-term upward momentum and the need for a correction to confirm support. Bollinger Bands are widening upward, with price tracking the upper band at 1859, while the middle band at 1802 provides strong support. The 38.2% Fibonacci retracement level at 1870 coincides with the current price. If the price manages to break through this level, upside potential will open up up to the 50% level at 1983. Conversely, if it fails to break through this level, a drop is likely to return to the 23.6% level at 1730.
Short-term reference:
If price holds above 1830-1780, an upward move is suggested, with a stop loss at 1750 and a target at 18820-1930.
If price holds above 1930-1960, a downward move is suggested, with a stop loss at 2000 and a target at 1880-1830.
Specific trading 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 bear all risks.
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