Tongge’s 7.15 ETH playbook

$ETH Around 1880–1900, place the order; stop-loss below 1920. First target: 1830. Second target: 1800.

Yesterday CPI came out, and ETH surged from 1779 to 1896 in one run—the chart is definitely strong, and it moved more aggressively than expected. But the more it’s like this—news sparks the move and a big bullish candle goes up in one breath—the more you need to stay alert: the first wave of gains is driven by sentiment; whether it can continue depends on whether the funds follow through.

Near 1900, it’s already in the previous resistance zone. Yes, news can create room to move higher, but whether it can hold is another question. Now the price has pulled back from the high to 1867, which shows there’s already disagreement at the 1900 level, and there isn’t strong willingness for funds to keep taking the torch at higher prices.

Next, the key is what happens around 1900: if it goes up with volume and holds above it, the strong momentum can continue; if it pushes up but can’t hold, then the short-term needs to digest the gains. A big rise isn’t scary—what’s scary is when, after the rally, no one steps in to buy.