7.22 ETH morning analysis:

ETH around 1940 opened positions in batches with light shorting, with the target looking toward 1910/1900.
If you want to do a push, you can also open positions in batches around 1900 with light shorting; stop loss at 1890, and the target is 1940/1950.

The market started a strong rally from the low at 1915.51. After reaching the 1943.98 phase high and topping out, the momentum on the rise head quickly decayed, and the price entered a high-range wide fluctuation and pullback phase. From the Bollinger Bands structure, the upper band first turned downward; the mid band gradually shifted from support to resistance. The overall swing highs kept moving lower, forming a weak corrective structure after the spike.

In the earlier one-way rally phase, long funds entered in a concentrated manner. After reaching the resistance level at 1943.98, selling pressure released in a concentrated burst. After that, the rebound highs decreased step by step. Even if there is a small pullback upward, it is still difficult to break through the previous high again. MACD long momentum continued to decline, and the upside volume clearly shrank. The buy-the-dip / holding power on the downside gradually strengthened.

Current price repeatedly consolidates around the Bollinger mid band. In the short term there is a small rebound and repair, but the strong pressure at the 1943 line above is clear, and the rebound space is greatly compressed. It is more suitable to base trades on key resistance levels for a high push, rather than blindly chasing LONG and betting on a new high. $ETH #特朗普同意Clarity法案纳入伦理条款