7.20 Today’s “Er Bing” Analysis


Analysis: Enter around 1880-1900 (buy at that range). Target 1850-1800. Defend at 1920.

The U.S.-Iran conflict keeps escalating, making it hard for shipping conditions to support a broad move upward—so directly look for a long at the high level. When price rallied up to 1891, it closed and formed a long upper wick, indicating a top. The bullish rally momentum has deteriorated to exhaustion. At high levels, a large amount of chase-long and trapped-long positioning remains, and any rebound naturally comes with sell pressure. Today, the market’s incremental buy-side demand is insufficient; trading volume has clearly contracted compared with the spike-high phase. Moving averages continue to suppress the price, so rebound continuation is weak $ETH #GUSD年化升至3.8%
ETH3.02%
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