7.19 Overnight Market Observation for ETH

Overall overnight, it tracked the broader market with a narrow-range consolidation. After a slight push higher, it met selling pressure and stalled. Overall trading activity cooled down during the night; in the rebound phase, the follow-through from incoming funds was relatively weak. Bulls and bears repeatedly tugged back and forth at key price levels, and for now, it has not managed to break into a one-way trend.

In the short term, the suppressing range is 1860-1890, while 1900 is the major strong resistance in the medium term. Below, the core supports are 1820 and 1780. The recent lows show sufficient absorption, and as long as support is not effectively broken, the short-term recovery structure has not fully deteriorated. Short-cycle indicators show upward momentum gradually fading, and multiple attempts to test overhead resistance have not achieved an effective breakout.

Trading reference:
1. If the price rebounds to 1860-1890 箜, defend above 1900, with targets at 1820, 1780, and 1750;
2. If the price falls back to 1750-1780 哆, defend below 1720, with targets at 1830-1860. #ETH