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On Saturday, July 18, the ETH “two-cake” (ETH) market followed a pattern of spiking up then pulling back. After the rise, buying demand could not continue, and prices were pressured to gradually drift downward amid weak weekend overall market activity and insufficient incremental capital. Resistance overhead is strong, and the price has limited range fluctuation. A small short position can be placed in the resistance area corresponding to a rebound; first, watch the first support level, and second, the lower secondary support.
$ETH