7.16 $ETH Market Analysis (with long/short key levels): Can it still rise? 1,900 is the long/short watershed—pay close attention!

The shorting opportunity on the right side I mentioned yesterday didn’t come. Now, with this kind of market, if you want to short, it’s only safe after right-side confirmation. For Ethereum, the current long/short watershed is 1,900. Only when the 1-hour chart closes below 1,900 should you consider shorting to be safe.

Otherwise, the 1,940 level here—after the 15-minute close pushes up—may end up hitting the 1,980 resistance pressure. So without right-side signal confirmation, do not place a short order at the current price.

Downside supports are at 1,822 and 1,805—once those levels come, they can still be considered rebound points. Also worth noting: if today’s Ethereum daily candle continues to close bullish, then future short positions are not recommended to be held long term; take profit when you see the chance. The fear is that if the daily trend gets going, it’ll be “however you short is how you get trapped.”