7.18 Ethereum midday outlook

The price is being suppressed below the short-term moving averages, with MACD bearish momentum continuing. The short-term market is still under adjustment. The current price is close to the lower Bollinger Band at 1802, entering an oversold zone, so there is a need for a rebound to restore.
The key mid-term structural defense level is 1800; as long as it does not break, the larger downtrend remains intact.

In the short term, wait for a pullback to the 1810-1820 support area and consider buying low. For the rebound, first look toward the 1860-1880 range
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