7.18 Afternoon Market Analysis: ETH

In the afternoon, the overall market followed the broader market’s range-bound consolidation and repair. It made a modest push higher, then came under pressure and fell back. In the short term, upward momentum was insufficient. During the rebound phase, capital follow-through was relatively weak, and both longs and shorts repeatedly wrestled around key price levels.

The near-term suppression zone above is 1845-1860, with 1900 as the mid-term strong resistance. The core supports below are 1820 and 1750. In the earlier low area, the buy support was strong; as long as it has not effectively broken below, the short-term repair structure has not deteriorated.

Market reference ranges:
1. If the price rebounds to 1845-1860箜, stay defensive above 1900, with targets at 1820, 1780, and 1750;
2. If the price pulls back to 1750-1780哆, stay defensive below 1720, with targets at 1830-1860.
#ETH