Market outlook: ETH (2026-7-22) evening

ETH hit a low of 1909, with only about 20 points of floating room on the hourly chart. The market is as calm as deep still water! With the Fed and capital inflows, the downtrend is already gone for good. After four consecutive days of upward movement, with nearly 150 points of room, there’s still a need for a small pullback to build a base! The bullish trend remains; continue to wait for support around 1900 to carry out positioning, or if it directly pumps, watch what happens after 1950 is breached.

Trading strategy:
ETH is expected to range around 1890-1905, with upside targets at 1940-1960.