July 16 afternoon: ETH analysis

ETH’s current price is 1,884.65, up slightly by 0.32%. After briefly dipping to 1,873.58, it recovered slightly. Net capital inflow is 36.61 million. On the 15-minute chart, there is a big drop with a long bearish candle; the bulls’ follow-through is relatively weak. There is clear resistance above at 1,900 and 1,925. In the short term, the market is weak and range-bound; sell-off on increased volume suggests limited room for rebounds. Focus on watching the 1,873 low for support. Overall, bearish sentiment is heating up; for the short term, it’s not advisable to chase longs—light-position holding and staying on the sidelines are the main approach.

Personal suggestion: around 1,990–1,930, expecting: Target: 1,830–750