7.15 Morning Ethereum Analysis



Ethereum is fully tracking the same fluctuations as BTC. However, its rebound strength is far weaker than Bitcoin’s, and repeated attempts to push higher around the 1830 level have failed. On-chain capital continues to flow out, with no independent positive catalyst to support it.

Macro risk aversion is weighing on the market. As long as BTC does not break 64,800, ETH will be difficult to move into an independent rebound; overall, maintain a bearish outlook in line with the prevailing trend.

Trade: short in the 1850-1870 range; target 1760. If it breaks down, watch 1730. $BTC $GT
BTC2.87%
GT1.19%
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