7.14 “two-biscuit” playbook: keep a light position around 1895; targets 1785/1750

If you want to do “duo,” watch for stabilization around 1750 before buying again; stop-loss 1740; targets 1780/1800.

ETH current price is 1871. On the 1-hour timeframe, it quickly surged early in the morning, topping out around 1896 before falling back under pressure.
Now it has dropped back to the 1870 area; short-term moving averages have started to turn, and the market has entered a high-level consolidation and range-bound整理 phase for the short term.

This rally is more of an emotional release driven by a news catalyst. During the spike, trading volume expanded.
But at high levels, there have been consecutive long upper wicks, indicating that selling pressure around 1900 is still significant.
Bulls still hold the advantage, but the cost-effectiveness of chasing higher prices has clearly declined.

Short-term focus points:
Upper resistance: 1888-1900
Stronger resistance: 1920
Lower support: 1855-1845
Stronger support: 1815-1800

In terms of trading, it’s not recommended to chase up emotionally. Wait for a pullback confirmation after the spike before deciding the direction.
If it can’t hold steadily above 1890, the short term still needs a pullback to around 1850 to confirm support.
Only with a volume-backed breakout above 1900 will the bulls have a chance to keep opening up room.

Trading isn’t about being faster than the market—it’s about comparing with yourself in patience. Only those who can endure waiting deserve the returns the trend offers.