7.20 $ETH midday analysis

Key levels of the channel: middle band 1853.95, upper band 1883.17, lower band 1824.72
The price previously saw a sharp drop, touched the Bollinger lower band, and completed a bottom confirmation. Afterwards, it moved upward in a range and settled above the Bollinger middle band. The former resistance level has now turned into the short-term core support; the Bollinger band channel, which was previously narrowing downward, has gradually flattened, ending the downtrend momentum and entering a correction phase. The current price is running just below the Bollinger upper band, with 1883.17 forming a strong short-term resistance zone. Only if there is a breakout above the upper band on increased volume can further rebound space be opened. Yi Fan’s personal suggestion: chop around 1825–1780, with targets near 1890–1980; a volume-backed breakout will break 2000#BTC #ETH #BTC走势分析