7.20 [Trading Strategy] Silk Road: around 1870-1890, stay lightly positioned; stop loss above 1910; first target 1840; second target 1820

ETH current price is 1876. On the 1-hour level, the weekend rebound is weak; the price keeps getting blocked repeatedly below the 1900 level. After short-term moving averages stick together, they turn back down again, and the bearish structure remains intact.

In the last move, it went short from 1920 all the way to 1820, with the pace staying steady and orderly. This rebound can’t even hold above 1900, which shows the bulls have no intention to take over. The rebound is more like an opportunity for the shorts to add positions, not a reversal.

Watch these levels for the short term:
Overhead resistance: 1890-1900
Strong resistance: 1910
Support below: 1850-1840
Strong support: 1820

For execution: with the current price at 1876, you can enter directly. Add on a pullback around 1890. Set the stop loss uniformly above 1910. First target 1840; if it breaks down, then look at 1820. Don’t let a small timeframe rebound distract you—when it comes to the trend, patience is worth more than anything. #ETH