July 20, Biscuit 2 Analysis

Yesterday, ETH attempted to push through the $1,900 threshold, reaching a high around 1891 before coming under pressure and falling back. The daily candle closed with a long upper wick, indicating clear sell pressure overhead. Today continues the weak trend: price is fluctuating and drifting lower to around $1,855, with an intraday drop of 0.68%. Capital flows show a net outflow of more than $22.9 million, suggesting that short-term long-side momentum is insufficient. Currently, $1,850 is key short-term support; if it breaks, there could be further retracement toward the $1,830–$1,820 range. Above, $1,890–$1,900 has turned into strong resistance. Overall, ETH is still in a high-level consolidation phase. With weakening volume and continued capital outflows, take a mildly bearish range-trading approach in the short term and wait for a clearer direction.
Personal suggestion: consider 1870–1910, target: 1800–1730