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$ETH Crypto academician: July 21 Ethereum (ETH)—looks calm and choppy, but turbulent undercurrents are surging? Latest market trend analysis reference
Ethereum’s current price is 1900. Ahead, there was a surprise rebound from a low at 1503; afterward, there was helpless resistance and pullback when it surged to 1983 and ran into a wall. Many people have been repeatedly shaken out and beaten up in this ranging move, with longs and shorts trading back and forth. But as long as you understand the rhythm behind the candlesticks, you don’t need to chase pumps or kill at the highs—you can also find your own safe trading range within the chop. Today, using two charts, we’ll explain the current trend, support and resistance, and entry signals clearly, helping you avoid the most common pitfalls
The daily K-line is in a critical battle zone. The current price is holding above the moving-average cluster such as the EMA15 and EMA30. The Bollinger middle band at 1799 provides support, and the overall picture is a choppy repair. In the MACD indicator, the DIF and DEA form an upward golden cross; the red histogram keeps increasing in volume, and bullish momentum has not yet weakened. However, overhead pressure extends from the 78.6% Fibonacci retracement line around 2242, starting near 2000, and together with prior highs near 1975, this creates dual suppression. The near-term upside faces a test. Strong support is located around the 1840 area; if it breaks, it may pull back toward the 1700 range
The four-hour K-line is trading above the Bollinger middle band at 1862. The Bollinger Bands are opening up slowly, expanding gradually. Price oscillates and trends upward along the EMA15 and EMA30, and the bullish alignment of the moving averages provides support for the short-term trend. The MACD red histogram continues to shrink; the DIF and DEA are stuck together at high levels, suggesting bullish momentum has somewhat weakened. The prior highs around 1983 and 1903 form a near-term resistance band overhead. Below, 1870 is key support; if price breaks below that level, a pullback scenario will most likely begin
Short-term reference:
If price does not break down below 1850 to 1800 from below (northbound), set a stop-loss at 1760, with targets at 1930 to 1970
If price does not break up above 1980 to 2020 from above (southbound), set a stop-loss at 2050, with targets at 1930 to 1890
Actual trading should be based on real-time order book data. For more information, you can check the article author’s updates. The article may be published with a delay. This is for reference only; risks are borne by you #GateDEX全面接入RobinhoodChain