#PreIPOsSeason2OpenAISubscription Crypto Analyst Pack: Ethereum (ETH) Movement Averages and Indicators Show Collective Anomaly on July 15 — Will a New Turning Point Happen Soon? Latest Market Analysis and References

ETH’s current price is 1870. A 25% rebound from 1503 to 1870 is very enticing, but the levels above it at 1900 and 2000 are filled with trapped positions, so every move becomes difficult. Don’t buy right away. 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. 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 directly breaks above the 15-day moving average (EMA) at 1763. It is now 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 bars, with the DIF and DEA lines crossing upward and continuing to rise, indicating a significant increase in upward momentum. The middle line of the Bollinger Band at 1709 has been firmly established, while the upper line at 1906 forms strong short-term resistance, and the lower line at 1512 represents the main support for this downward move. 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 decline.
The four-hour candlestick chart has broken through the average moving resistance of EMA15, EMA30, and EMA60, and is currently fluctuating above EMA15 at 1807. The short-term moving averages are sloping upward. The MACD indicator DIF line is running above the 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 following the upper band line at 1859, while the middle line at 1802 provides strong support. The 38.2% Fibonacci retracement level at 1870 coincides with the current price. If the price successfully breaks above this level, upside potential will open up to the 50% level at 1983. Conversely, if it fails to break above this level, it is likely to drop again 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 targets at 18820-1930.
If price holds above 1930-1960, a downward move is suggested, with a stop loss at 2000 and targets at 1880-1830.
Specific trading decisions must be based on real-time market data. For more information and 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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