1. Current market structure (July 22)

ETH spot price is about $1,930. In recent days, it has been in a bear-market rebound. The short-term long structure is intact, but the overall major trend is still downward. Upward momentum is gradually fading, overhead resistance is heavy, and there is still no sign of a true reversal.
Key levels:
Short-term lifeline: $1,880-$1,890 (if it breaks, the rebound ends)
Intraday support: $1,900
First resistance: $1,970
Strong resistance: the $2,000 level
Mid-term defense bottom: $1,850

Core factors affecting the market:
Bullish: Bitcoin strength, slight inflow of spot ETF funds, and reduced spot sell pressure from low levels
Bearish: U.S. regulation uncertain, the Fed’s high interest rates, the Ethereum Foundation reducing holdings, and the rebound lacking volume—if it spikes upward, it’s easy to pull back

2. Three different trading approaches

1) Short-term intraday trading (highest risk)

Idea: only buy the dip, never chase highs; strictly forbid chasing bullish pumps at high levels
Steady long: enter on a pullback to $1,900-$1,910, with a unified stop-loss at $1,885
Take-profit: first target $1,965—halve at the price; if it breaks above $2,000, hold—if it fails to break, exit all
If it directly spikes to $1,970 and then faces sell pressure and falls back, do not go long—wait for a pullback

2) Spot mid-term holdings (for those who avoid leverage)

Do not go all-in at once; use staged dollar-cost averaging:
First tranche: small position around $1,900 to lay the base
Second tranche: add again if it falls back to $1,850
Stop-loss line: cut all at $1,830 to prevent a second leg lower
Only after it holds $2,000 can you add to look for longs; otherwise, treat it as a rebound only

3) Conservative wait-and-see strategy (s safest)

Right now the position is neither here nor there—it is neither at the bottom nor has it broken the trend. The best choice is to wait for one of two signals before acting:
① A high-volume hold above $2,000 to confirm the reversal, then enter
② A pullback below $1,840 followed by a capitulation/stop-the-bleeding signal to set up—do not trade the middle-range chop

3. Risk-control rules that must be followed

1. Under any circumstances, do not use leverage. Single-day volatility for crypto assets can reach 10% or more; leverage can easily wipe out the principal
2. Do not put all your funds in—use spare money only; losses must not affect normal life
3. If key support breaks, don’t hold through the drop. After the rebound ends, the downside room will be very large #以太坊