7.15 evening posture/structure analysis



ETH had a strong surge in the early session today, climbing to 1896, but it is now stuck just below the upper band of the Bollinger Bands and can’t move further. Trading volume is clearly lagging, and short-term upside momentum is insufficient. There are two layers of resistance above. If the price rebounds back up, it will be a short-selling opportunity. If the price repeatedly tests 1887 and fails to break through the Bollinger upper band, it will stay sluggish; then in the short term it will range and weaken. At that point, it may pull back to test 1876, the Bollinger middle band support. If support holds, it will maintain a high-level range. If support breaks, it will further drop to probe 1864, the Bollinger lower band. The overall approach is to focus on selling on rebounds from above.

Trading strategy

Posture: around 1890-1930, short/take positions in the range; target around 1800 #以太坊 $ETH
ETH2.48%
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ColdWalletFitnessCoach
· 16h ago
1896 surged up without volume—it's indeed weak. The high-altitude strategy is not wrong; just wait for a rebound to hit the mark.
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PleaseReadTheWhitepaperFirst.
· 16h ago
If you can’t get over this hurdle of 1887, a pullback to 1876 and even 1864 is only a matter of time—make sure position management is done well.
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RetroRadioWaves
· 17h ago
The upper Bollinger Band is crushing down; repeated attempts that can’t break through are a signal that the bulls are exhausted—where it is, it is.
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