7.15 ETH evening session

Late-night 1946 high quickly dropped, with a roughly 1890-1940 ranging area. It fell to around 1910-1920.

1946 is an obvious overbought high (yellow line top + volume-expansion red bars), matching the pattern that once the “key resistance level” is hit, a pullback is likely.

During the pullback, support formed in the 1910-1920 area (near the Boll midline). Trading volume shifted from the green-bar peak to red-bar contraction, which is profit-taking digestion rather than a trend reversal. The long structure remains intact: price stayed above the main moving averages.

The late-night low did not effectively break the key support of 1890.

7.16 ETH intraday analysis
1915-1925 range-bound in the early session—currently consolidating.

Ultra-short support: 1905-1915 dynamic moving-average support + the recent low-dense zone. Pullbacks that don’t break = strong bullish continuation.

Short-term support: 1885-1895 is the prior conversion zone + near the Boll lower band. A volume-backed effective breakdown = short-term trend weakens; if it holds, the pullback continues and can be viewed as an opportunity to add positions.

Daily/important support: 1865-1875 major moving-average cluster + Boll lower band resonance zone. An important line of defense for the medium-term bullish structure.

Short-term resistance: 1930-1940: the first suppression zone after the 1946.75 high pullback + resistance. A breakout needs volume; otherwise it will likely meet resistance.

Key resistance: 1946-1955 overbought-high extension pressure. A strong supply/dumping area—after it’s reached, a pullback is likely again, with staged take-profit levels.

Higher resistance: 1960-1990
Above the daily/weekly channel top + the psychological major level. If it strongly breaks 1946 and holds, this zone could be targeted; otherwise around 1990 remains a good high-sell opportunity.

Early-session trend is bullish with a complete structure—high-level consolidation.

The late-session high at 1946 validated strong resistance. After the early-session pullback to 1915-1925, the market consolidated; red/green volume bars alternate, which is normal digestion after a breakout.

As long as 1905-1915 doesn’t break, the probability of continued bullish trend remains high; if it effectively holds 1946, higher upside space opens up.

Volume: red bars dominate in the early session, showing sell pressure still exists but hasn’t turned uncontrolled.

Moving averages: price is trading above the yellow/white lines, so the short-term trend is still slightly bullish.

Overbought/oversold: after the 1946 high, it entered consolidation and no extreme oversold appeared.

7.16 early session

Strategy: pull back to 1905-1915 with light positioning and staged long entries (prioritize entering near 1910 after confirmation of support; add at 1885-1895).
Reason: multi-layer support confluence + high probability that the pullback won’t break.
Take-profit settings:
First take-profit: 1930-1940
Second take-profit: 1946-1955
Third take-profit: 1960-1990
Stop-loss settings:
Short-term: break below 1900
Medium-term: break below 1885$ETH ‌