July 15 ETH evening analysis

Market snapshot: Bulls are dominant, but resistance is ahead. Pay attention to negative news. ETH surged intraday from the 1781 low to around 1897, up more than 5%. Current price 1884 is close to the upper Bollinger Band (high 1896), so watch for short-term resistance.
Net capital inflow is as high as +$396 million, and the funding rate is only 0.0061% (extremely low). This means the rise is driven by real demand, and the longs are not overly crowded, so there is no overheating risk for now.
However, note that the candlestick touched the intraday high and then pulled back slightly, suggesting profit-taking sell pressure. Key levels: the upside breakout level is 1897, and near-term support is 1860 below. The trend is upward, but chasing is poor value; it’s recommended to watch whether 1897 can break out effectively, while also staying alert to short-term wicks triggered by hacker-related news. If it falls below 1880, be prepared for a retest toward 1860.
Trading suggestion: Around 1900-1930, open positions, target 1830-1760#