Tongge’s 7/16 ETH outlook

$ETH Around 1935-1950, set a stop at 1970, first target 1900, second target 1870.

Yesterday, the PPI was released, and the second batch continues to surge upward, hitting a high of 1946; current price is around 1921.
With two consecutive data catalysts, the price’s focal point keeps rising—this strong run by the second batch must be taken seriously.

But the more it keeps rallying, the more you need to watch the tug-of-war at key levels. The 1940-1950 area has already entered the dense prior trade zone. To keep breaking higher, it needs more capital to absorb, not just sentiment-driven momentum.

The cost of chasing the rally is already not low; the short-term risk-reward ratio is starting to decline #ETH站稳1900美元